From MarketBeat:



Nio Inc. has received a “Hold” rating from nine brokerages, with six analysts rating the stock as a hold and three assigning a buy rating. The average 1-year price objective among these brokers is $12.55. The company’s stock opened at $8.29 on the NYSE and has a 12-month low of $7.00 and a high of $16.18. Several research firms have commented on NIO, with varying target prices and ratings. Institutional investors and hedge funds have been buying and selling shares of NIO, with 42.32% of the stock owned by institutional investors. NIO Inc. is a Chinese company that designs, manufactures, and sells electric vehicles, as well as providing power solutions and other value-added services. While NIO currently has a “Hold” rating among analysts, top-rated analysts have recommended five other stocks as better buys.



Original: Nio Inc – (NYSE:NIO) Given Average Rating of “Hold” by Brokerages