DBS analyst Rachel Miu maintained a Buy rating on Nio (NIO – Research Report) today and set a price target of $7.50. The company’s shares closed last Wednesday at $4.38.
According to TipRanks, Miu is a 3-star analyst with an average return of 4.7% and a 42.65% success rate. Miu covers the Consumer Cyclical sector, focusing on stocks such as Great Wall Motor Co, Geely Automobile Holdings, and Nio.
Nio has an analyst consensus of Moderate Buy, with a price target consensus of $6.01, representing a 37.21% upside. In a report released on November 22, Citi also maintained a Buy rating on the stock with a $8.90 price target.
NIO market cap is currently $9.28B and has a P/E ratio of -2.94.
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Nio (NIO) Company Description:
Founded in 2014, China-based Nio, Inc. designs, jointly manufactures, and sells smart and connected premium electric vehicles in China, Hong Kong, the U.S., the U.K., and Germany. The company also provides comprehensive value-added services and innovative charging solutions to its users, including Power Home, the home charging solution, Power Swap, the innovative battery swapping service, Power Mobile, the mobile charging service through charging trucks, and Power Express, the 24-hour on-demand pick-up and drop-off charging service.
Read More on NIO:
- Nio (NIO) Is Looking to Bounce Back After Q3 Mixed Results
- ‘Time to Get Out,’ Says Goldman Sachs About Nio Stock
- Europe EV battery maker Northvolt files for bankruptcy protection, Reuters says
- NIO Stock Is Getting Cheaper but Execution Risks Cloud Outlook
- Charged: Tesla settles technology theft suit with Rivian
