Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Nio (NYSE:NIO) on Tuesday, setting a price target of $67, which is approximately 55.09% above the present share price of $43.2.
Rakesh expects Nio to post earnings per share (EPS) of -$0.42 for the fourth quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Nio, with an average price target of $59.91.
The analysts price targets range from a high of $72 to a low of $45.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $8.45 billion and a net profit of -$763.32 million. The company's market cap is $70.79 billion.
According to TipRanks.com, Mizuho Securities analyst Vijay Rakesh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 30.6% and a 71.80% success rate.
Founded in 2014, China-based Nio, Inc. designs, jointly manufactures, and sells smart and connected premium electric vehicles in China, Hong Kong, the U.S., the U.K., and Germany. The company also provides comprehensive value-added services and innovative charging solutions to its users, including Power Home, the home charging solution, Power Swap, the innovative battery swapping service, Power Mobile, the mobile charging service through charging trucks, and Power Express, the 24-hour on-demand pick-up and drop-off charging service.