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Positive Report for NIO Inc. Class A (9866) from DBS

Tipranks - Tipranks - Tue Mar 17, 8:06PM CDT

In a report released today, Raphael Wut Hei from DBS upgraded NIO Inc. Class A to a Buy, with a price target of HK$60.00.

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According to TipRanks, Wut Hei is a 2-star analyst with an average return of -0.5% and a 33.33% success rate. Wut Hei covers the Consumer Cyclical sector, focusing on stocks such as Nio, NIO Inc. Class A, and BYD Co.

Currently, the analyst consensus on NIO Inc. Class A is a Moderate Buy with an average price target of HK$56.68.

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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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