Vijay Rakesh analyst at Mizuho Securities reiterates coverage on Nio (NIO) stock in the Consumer Goods sector with a Buy rating. TipRanks.com has Rakesh rated as a 4.9 star analyst with a 57% return on investment and a 18.7% success rate. Rakesh has set a price target of $ 34.
TipRanks.com reports that Nio stock currently has 16 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target for NIO's stock is $20.11. The target pricing ranges from a high forecast of $34.00 down to a low forecast of $11.27. Nio (NIO)’s stock last closing price was $12.09 which would put the average price target at 66.34% upside.
In addition, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on NIO stock.
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TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
This article was pulled from consumerstockmovers.com as they are an authority in the Consumer Stock Sector. ConsumerStockMovers.com (CSM) is a no cost internet site and email newsletter built for investors who are interested in consumer discretionary stocks, consumer cyclical stocks, and consumer staples stocks.
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