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CLSA Remains a Buy on NIO Inc. Class A (9866)

Tipranks - Tipranks - Thu May 28, 7:56PM CDT

CLSA analyst maintained a Buy rating on NIO Inc. Class A on May 26 and set a price target of HK$55.00. The company’s shares closed yesterday at HK$42.36.

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NIO Inc. Class A has an analyst consensus of Strong Buy, with a price target consensus of HK$61.52, a 45.23% upside from current levels. In a report released on May 22, Citi also maintained a Buy rating on the stock with a HK$63.96 price target.

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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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