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 74% return on investment and a 46% success rate. Lee has set a price target of $62.00 .
TipRanks.com reports that NIO currently has 8 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $60.26 . The target pricing ranges from a high forecast of $72.00 down to a low forecast of $45.00 .
NIO’s last closing price was $40.05 which would put the average price target at 50.46% 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:
- Yuan Jiangcong of Citic Securities issued a buy rate with the price target of $45 on October 10th
- Fei Fang of Goldman Sachs issued a buy rate with the price target of $56 on October 6th
- Yuqian Ding of HSBC issued a buy rate with the price target of $47 in September
If you are interest in stocks like NIO or stocks in the Consumer Goods sector, please click here.
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 >>
When an NIO analyst reiterates coverage on stocks, we will let you know. Please make sure you subscribe to our email newsletter to get timely alerts. Join thousands of other investors, you can always unsubscribe.
Disclaimer: Sandpiper Marketing Group, LLC would like to remind you the data contained in this website is not necessarily real-time nor accurate. All stocks, indexes, futures and Forex prices are not provided by exchanges but rather by our editor research at the time of writing this release, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Sandpiper Marketing does not bear any responsibility for any trading losses you might incur as a result of using this data.
Sandpiper Marketing Group, LLC or anyone involved with Sandpiper Marketing Group, LLC will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this website/newsletter is not trustworthy unless verified by their own research. Also, because events/circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.