– Growth of the electric vehicle market– Nikola's execution on its business plan– The competitive landscape
Analyst Consensus
– Average analyst price target in 2025: $5.00– Highest analyst price target: $10.00– Lowest analyst price target: $2.00
Bullish Case
– Rapid growth of the electric vehicle market– Nikola's partnerships with major automakers– The company's innovative technology– Strong demand for Nikola's vehicles