Nikola stock could triple from here: Baird forecasts

Nikola Corp (NASDAQ: NKLA) is rallying on Wednesday after a Baird analyst issued a super bullish call in its favour.Nikola stock could hit $2.0 in 2024Copy link to sectionBen Kallo assumed coverage of the electric vehicles company this morning with an “outperform” rating. His$2.0 price target suggests a 200% upside on its previous close. The analyst is positive on Nikola stock primarily because he sees catalysts ahead not just for its trucks business but also for the energy segment.We see significant poten ...