Fisker Stock May Be Set to Take Off. Buy It Now, Citi Says

Fisker

‘s beaten-up stock could be about to move up, according to

Citi

analyst Itay Michaeli. He opened a “90-day upside catalyst watch” on the EV start-up on Monday.

That sounds like a doubtful call, and Michaeli agrees that it is no slam dunk. “To be sure, this is a high-risk/high-reward proposition,” wrote Michaeli. “Despite issuing very encouraging 2023 guidance versus EV peers,

Fisker

shares have languished likely on macro concerns.”