New Buy Rating On Fisker Shares, Henrik Gets Ready for Morgan Stanley Investor Conference

Fisker shares initiated with a new buy rating and price target while Henrik gets ready for the Morgan Stanley investor conference.

Today, Fisker shares are on the move up 3.25% at $9.53/share as the company receives new coverage at Needham and Company. Equity analyst Vikram Bagri initiated Fisker shares with a Buy rating and $12 price target. The equity analyst was bullish on Fisker due to high demand for the Fisker Ocean, its partnership with Magna, and cutting edge edge technology at an affordable price. Bagri sees a vast opportunity ahead for the company as it enters the EV market.

Morgan Stanley’s Investor Conference

While Fisker shares received new coverage, Henrik Fisker is getting ready for the Morgan Stanley Investor Conference at lunchtime. Join us today, at 12:15pm Pacific Time, as we listen to Henrik Fisker at Morgan Stanley’s 10th Annual Laguna Conference. During this fireside chat, Henrik will talk about the company’s overall business strategy and the development of the Fisker Ocean.

This will be the very first time Henrik appears in person with Morgan Stanley equity analyst Adam Jonas since the pandemic began for a 1:1 fireside chat. If you recall, Henrik asked Morgan Stanley to make a correction to a research report after the company’s last earnings report. During the fireside chat we will likely hear all about production of the Fisker Ocean at Magna, including the very first Fisker Ocean rolling off the high volume production line earlier this week.

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