NIO Inc. Class A (9866) Gets a Buy from Morgan Stanley
Morgan Stanley analyst Tim Hsiao maintained a Buy rating on NIO Inc. Class A on June 11 and set a price target of HK$58.00. The company’s shares closed yesterday at HK$41.78.
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Hsiao covers the Consumer Cyclical sector, focusing on stocks such as NIO Inc. Class A, XPeng, Inc. Class A, and Geely Automobile Holdings. According to TipRanks, Hsiao has an average return of -6.5% and a 33.55% success rate on recommended stocks.
NIO Inc. Class A has an analyst consensus of Strong Buy, with a price target consensus of HK$61.13.
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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