Citigroup downgraded Fisker from Buy to Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/1/2024 | Buy → Hold | R. F. Lafferty | |
| 3/1/2024 | Buy → Neutral | Citigroup | |
| 1/17/2024 | $11.00 → $1.00 | Outperform → Market Perform | TD Cowen |
| 12/4/2023 | $6.00 → $2.00 | Outperform → In-line | Evercore ISI |
| 9/26/2023 | $8.00 | Buy | BofA Securities |
| 7/17/2023 | $19.00 → $14.00 | Outperform | TD Cowen |
| 6/8/2023 | $6.00 | Peer Perform → Underperform | Wolfe Research |
| 2/28/2023 | Hold | Needham |
R. F. Lafferty downgraded Fisker from Buy to Hold
Citigroup downgraded Fisker from Buy to Neutral
TD Cowen downgraded Fisker from Outperform to Market Perform and set a new price target of $1.00 from $11.00 previously
Fisker's new Dealer Partner model is gaining momentum and is expected to help improve brand awareness and sales throughout 2024. Fisker is in negotiations with a large automaker for a potential transaction which could include an investment in Fisker, joint development of one or more electric vehicle platforms, and North America manufacturing. The closing of any transaction would be subject to satisfaction of important conditions, including completion of due diligence and negotiation and execution of appropriate definitive agreements. Fisker reports preliminary Q4 2023 total revenue of $200.1 million, an increase of $128.3 million from Q3 2023. Both full year 2023 total revenue, which
Fisker Inc. (NYSE:FSR) ("Fisker") – driven by a mission to create the world's most emotional and sustainable electric vehicles – today announced that it will report its fourth quarter and full year 2023 financial results after market close on Thursday, February 29, 2024. The release will be followed by a conference call at 2:00 p.m. PT (5:00 p.m. ET). Speakers on the call will be Henrik Fisker, Chairman and Chief Executive Officer; David King, Chief Technology Officer; and Dr. Geeta Gupta-Fisker, Chief Financial Officer of Fisker Inc. The conference call can be accessed via a live webcast accessible on the Events and Presentations page of Fisker's Investor Relations website: https://inves
Fisker sees continued strong demand for its Ocean and delivered more cars in October than the entire third quarter. Fisker now delivering in ten countries, expected to add two more markets later this month as operational momentum accelerates in Q4 2023. Opened flagship US Lounge at The Grove in Los Angeles and first east-coast Lounge in New York City. Fisker customer locations now open in ten countries, with additional customer facilities opening soon, including a Fisker Lounge in Shanghai, China in January 2024. Q3 2023 was Fisker's first quarter with meaningful automotive sales revenue. Total revenue in the quarter was $71.8 million, gross margin was -17% on a GAAP basis (adjust