“EV Stocks are on Fire,” according to Barron’s magazine.
Yet Wall Street is RESTRICTED from recommending new IPOs for 40 days.
That means these stocks could soar after getting the analysts’ “stamp of approval.”
My price target suggests that the stock could soar 460% after going public.
JP Morgan is releasing new electric vehicle stock recommendations.
On Monday, the firm recommended shares of Nikola (NASDAQ: NKLA).
Stock Rating: Overweight
Price Target: $40
Upside Potential: 51%
Nikola has a partnership that calls for General Motors (NYSE: GM) to manufacture its vehicles. Meanwhile, the company is testing two Class 8 trucks called Tre. And it plans to begin road tests by March.
Nikola shares soared after going public last year.
Smart investors had a chance to scoop up Pre-IPO shares for just $10 last February. And the stock soared to reach nearly $94 by June.
Yet Nikola came under criticism from short sellers last fall. That led to the founder being forced out . . . and the renegotiation of some existing partnerships.
JP Morgan says Nikola cleaned house. And the analyst expects a “less drama-filled year.”
That’s why the firm is recommending this stock. Plus, Nikola isn’t the only EV stock getting a recommendation.
Go here for my #1 EV battery Pre-IPO for February (don’t wait).
Apple (NASDAQ: AAPL) is also rated a BUY. JP Morgan is bullish on the prospects for an Apple Car.
JP Morgan also recently recommended shares of Chinese search engine Baidu (NASDAQ: BIDU). Analysts are excited about the company’s plans to get into the electric and autonomous vehicle business.
The firm values Baidu’s EV business at $14 billion – representing 17% of Baidu’s total value.
Baidu gets a $290 share price target and an Overweight rating. That’s 24% higher than the recent share price.
Today, firms like JP Morgan are missing out on new EV stocks. And that’s because they typically will NOT recommend a stock until 40 days AFTER it starts trading.
Fortunately, I’m NOT a Wall Street analyst. And I’m not restricted from writing about private companies that are preparing to go public.
The big investment banks want to keep you out of upcoming IPOs.
Yet I’ve discovered a little-known secret that let’s anyone jump into Pre-IPOs. And I’d like to reveal exactly how this works.
Click here ASAP for this urgent briefing (it’s FREE).
Yours in Wealth,
Full Disclosure: Ian Wyatt currently owns shares of Apple (NASDAQ: AAPL).