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Bernstein Sticks to Its Hold Rating for NIO Inc. Class A (9866)

Tipranks - Tipranks - Thu Jun 4, 11:56AM CDT

In a report released today, Neil Beveridge from Bernstein maintained a Hold rating on NIO Inc. Class A, with a price target of HK$47.00.

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According to TipRanks, Beveridge is ranked #3770 out of 12227 analysts.

In addition to Bernstein, NIO Inc. Class A also received a Hold from Jefferies’s Xiaoyi Lei in a report issued on May 25. However, on May 22, Citi maintained a Buy rating on NIO Inc. Class A (HKEX: 9866).

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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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