CICC Reaffirms Their Buy Rating on NIO Inc. Class A (9866)
CICC analyst maintained a Buy rating on NIO Inc. Class A yesterday and set a price target of HK$50.00.
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Currently, the analyst consensus on NIO Inc. Class A is a Moderate Buy with an average price target of HK$57.02.
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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