In a report released today, Vijay Rakesh from Mizuho Securities maintained a Buy rating on Nio (NIO – Research Report), with a price target of $60.00. The company's shares closed last Friday at $16.44, close to its 52-week low of $11.67. According to TipRanks.com, Rakesh is a 5-star analyst with an average return of 21.6% and a 58.9% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Allegro MicroSystems. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nio with a $40.61 average price target, a 132.1% upside from current levels.
https://www.tipranks.com/news/blurbs/mizuho-securities-thinks-nios-stock-is-going-to-recover-2?utm_source=advfn.com&utm_medium=referral
NIO (NYSE:NIO)
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