"Nikola's Stock Outlook: Analysts Predict Triple Growth and Outperform Rating"
Nikola Corp's stock rebounded by 6% after Baird Equity Research initiated coverage with an outperform rating and a $2 price target, citing the potential of its new management team and proprietary design and software. Despite recent losses in the electric-vehicle sector, the company's leadership change and market potential for zero-emissions trucking are seen as positive developments. Analyst Ben Kallo also highlighted potential catalysts for Nikola's truck and energy units, while keeping an eye on the company's cash burn and liquidity.
