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Morgan Stanley Sticks to Their Buy Rating for NIO Inc. Class A (9866)
In a report released on April 9, from Morgan Stanley maintained a Buy rating on NIO Inc. Class A, with a price target of HK$54.60. The company’s shares closed yesterday at HK$51.85.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for NIO Inc. Class A with a HK$56.65 average price target.
Based on NIO Inc. Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$19.01 billion and a GAAP net loss of HK$5.14 billion. In comparison, last year the company earned a revenue of HK$17.45 billion and had a GAAP net loss of HK$5.13 billion
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