Ming-Hsun Lee, analyst at Bank of America Securities, reiterates coverage on Nio (NIO) in the Consumer Goods sector with a Buy rating. TipRanks.com has Lee rated as a 5 star analyst with a 105.00% return on investment and a 53.00% success rate. Lee has set a price target of $60.00 .
TipRanks.com reports that NIO currently has 9 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $64.22 . The target pricing ranges from a high forecast of $81.00 down to a low forecast of $50.00 .
NIO’s last closing price was $46.34 which would put the average price target at 38.58% upside.
In addition, TradingView issued a Buy rating for NIO over the next month.
Remember, securities are volatile, so please do your own research on NIO.
Other analysts covering NIO include:
- Yuqian Ding of HSBC issued a buy rate with the price target of $69 on July 9th
- Jeff Chung of Citigroup issued a buy rate with the price target of $72 on July 6th
- Vijay Rakesh of Mizuho Securities issued a buy rate with the price target of $65 on July 5th
If you are interest in stocks like NIO or stocks in the Consumer Goods sector, please click here.
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