Guosheng Securities Sticks to Its Buy Rating for NIO Inc. Class A (9866)

In a report released yesterday, from Guosheng Securities maintained a Buy rating on NIO Inc. Class A, with a price target of HK$49.00. The company’s shares closed today at HK$29.22. Currently, the analyst consensus on NIO Inc. Class A is a Strong Buy with an average price target of HK$48.76, a 66.87% upside from current levels. In a report released on September 4, Goldman Sachs also maintained a Buy rating on the stock with a HK$48.00 price target.

In a report released yesterday, from Guosheng Securities maintained a Buy rating on NIO Inc. Class A, with a price target of HK$49.00. The company’s shares closed today at HK$29.22.

Currently, the analyst consensus on NIO Inc. Class A is a Strong Buy with an average price target of HK$48.76, a 66.87% upside from current levels. In a report released on September 4, Goldman Sachs also maintained a Buy rating on the stock with a HK$48.00 price target.