Workflow
1 Wall Street Analyst Just Slashed This EV Stock's Price Target by 80%. Here's What That Means.
TargetTarget(US:TGT) The Motley Foolยท2024-03-05 19:54

Just when you thought it couldn't get any worse for Fisker (FSR -1.68%) stock, you're suddenly staring at a company that's lost 70% of its market capitalization since the start of the year. One Wall Street analyst has now cut the electric vehicle (EV) stock's price target by a whopping 80%.Why is this analyst slamming Fisker stock?Soon after Fisker released its preliminary numbers for the fourth quarter and full year 2023 on Feb. 29, Citi analyst Itay Michaeli slashed Fisker stock's price from $4 a share to ...