Nio (NIO) Receives a Hold from DBS
DBS analyst Raphael Wut Hei maintained a Hold rating on Nio today and set a price target of $6.60.
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According to TipRanks, Wut Hei is ranked #5360 out of 12078 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nio with a $6.53 average price target.
Based on Nio’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $19.01 billion and a GAAP net loss of $5.14 billion. In comparison, last year the company earned a revenue of $17.45 billion and had a GAAP net loss of $5.13 billion
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