'Fully valued' Nikola will tumble 32% from current levels as it struggles to match lofty growth forecasts, JPMorgan says (NKLA)

'Fully valued' Nikola will tumble 32% from current levels as it struggles to match lofty growth forecasts, JPMorgan says (NKLA)

Business Insider

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· *Nikola Corp. has risks abounding as a pre-revenue company trading at a lofty valuation, JPMorgan said in an initiation note on Monday.*
· *The bank rated Nikola as neutral and set a $45 price target for the electric-truck company, representing downside potential of 32% from Friday's close.*
· *JPMorgan said the stock...

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