Citi lowered the firm’s price target on Fisker to $15 from $18 and keeps a Buy rating on the shares. The company’s recent Q2 results were mixed but ultimately left the the second half of 2023 stock setup fairly unchanged, the analyst tells investors in a research note. With Fisker’s near-term liquidity intact, the risk/reward into the expected second half production and delivery ramp is attractive, says the firm.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FSR:
- Fisker (NYSE:FSR) to Begin Deliveries of Alaska Pickup Truck in 2025
- Fisker (NYSE:FSR) Jumps onto Tesla’s Supercharger Network
- Short Report: Bearish bets on Fisker hit record after Q2 results
- Largest borrow rate increases among liquid names
- Fisker provides additional details on Fisker Ronin Super GT