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Nikola Corporation Stock: +16% Profit Potential with Large Order

Company name: Nikola Corporation
Ticker: NKLA
Current Price: $44.80
Target Price: $53.80
Projected Yield: 16%
Time Line: 1 to 3 months
Risk: High

About Nikola Corporation

Nikola Corporation is a US company headquartered in Phoenix, Arizona, which manufactures environment friendly cars. It offers electric vehicles powered by batteries and hydrogen fuel. The product line includes both light vehicles and trucks.

What's the Idea?

Capitalize on the stock, which is growing amid positive news about the company.

Buy Nikola Corporation Shares >>

Why Trade Nikola Corporation?

Reason 1: Large Order for Garbage Trucks

Nikola received an order from Republic Services for 2,500 electric garbage trucks.

Reason 2: Excellent Features of Cars to Release

Tre trucks are reputed to have a drive range of 150 miles and be capable of handling 1,200 trash cans with a single charge.

Reason 3: Positive Outlook

Cowen investment bank upgraded the Nikola Corporation rating, with a target price of $79, saying that the long term outlook favors the investors' buying the stock. The average target price projected by the investment banks is at $55.

How to Use the Investment Idea

  1. Buy Nikola Corporation shares at the current price.
  2. Allocate no more than 3% to 4% of your midterm transaction budget.
  3. Sell the stock when the price is at $53.80 per share.

Risk Management

To balance the risks carried by the investment ideas, we recommend you building a robust core portfolio. Freedom Finance analysts have picked 12 stocks for a balanced portfolio specially for you.

How to Buy Nikola Corporation Shares?

If you don't have an investment account yet, open it now: this can be done online, in just 10 minutes. All you need to do is fill out a short form and verify your account.

After opening an account, you can buy shares in either of the following ways:

Freedom24 Web Platform: Go to the Web Terminal section, type NKLA.US (NIKOLA CORP NASDAQ ticker) in the search box, and select NIKOLA CORP in the results. Open a secure session in the trading window on the right, select the number of shares you want to buy, and click Buy.

Freedom24 iPhone App: Go to the Price screen and tab the search icon in the top right corner. In the search box that shows up, type NKLA.US (NIKOLA CORP NASDAQ ticker), and select NIKOLA CORP in the results. You will then see NIKOLA CORP stock in the market watch; tap it and go to the Order tab in the dialog that shows up. Specify the number of shares you want to buy and click Buy.

Buy Nikola Corporation shares, invest in the cars of the future!

Buy Nikola Corporation Shares >>

*Additional information is available upon request. Investment in securities and other financial instruments always involves risks of capital loss. The Client should make himself aware at his own accord, including to familiarize himself with Risk Disclosure Notice. Opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Commissions, fees or other charges can diminish financial returns. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The opinions and recommendations herein do not take into account individual client circumstances, objectives, or needs and do not constitute an investment advice service. The recipient of this report must make their own independent decisions regarding any securities or financial instruments mentioned herein. Information has been obtained from sources believed to be reliable by Freedom Finance Cyprus Ltd or its affiliates and/or subsidiaries (collectively Freedom Finance). Freedom Finance do not warrant its completeness or accuracy except with respect to any disclosures relative to the Freedom Finance and/or its affiliates and the analyst’s involvement with the issuer that is the subject of the research. All pricing is indicative as of the close of market for the securities discussed, unless otherwise stated.