Bullish commentary from analysts can often prove to be a major boost for most stocks and that is what happened with Fisker Inc’s (NYSE: FSR) stock on Wednesday.
The company, which is involved in the electric vehicle design industry, saw its stock soar by as much as 17% after an analyst from the Bank of America stated that the stock could rise by as high as 150%. The bullish sentiment was reiterated by Adam Jonas of Morgan Stanley as well.
Jonas called the company the top-ranked start-up in the electric vehicle space and set the target price at $31 per share, which reflects an upside of as big as 100%. In the bull case, the target price has been set at $90 per share. Fisker has signed contracts with companies like Magna International Inc among others and Jonas believes that these Fisker partners are looking to ‘show the world their capabilities in this space.
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A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.