Nick Lai analyst at J.P. Morgan reiterates coverage on Nio (NIO) in the Consumer Goods sector with a Buy rating. TipRanks.com has Lai rated as a 1.3 star analyst with a 36% return on investment and a -4.8% success rate. Lai has set a price target of $30.
TipRanks.com reports that Nio currently has 14 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $39.73. The target pricing ranges from a high forecast of $87.00 down to a low forecast of $26.00. Nio (NIO)’s last closing price was $18.08 which would put the average price target at 119.75% upside.
In addition, TradingView issued a Neutral rating for NIO over the next month, Barchart.com has a sell rating and Yahoo! Finance has a Neutral short-term outlook. Remember, securities are volatile, so please do your own research on NIO.
Other analysts covering NIO include:
- Tim Hsiao of Morgan Stanley issued a Buy rating with the price target of $ 31 on 18 hours ago
- Vijay Rakesh of Mizuho Securities issued a Buy rating with the price target of $ 55 on 1 day ago
- Edison Yu of Deutsche Bank issued a Buy rating with the price target of $ 45 on 4 days ago
- Ming-Hsun Lee of Bank of America Securities issued a Buy rating with the price target of $ 26 on 1 week ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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