Needham analyst Vincent Yu reiterated a Buy rating on Niu Technologies (NASDAQ:NIU) on Friday, setting a price target of $30, which is approximately 30.15% above the present share price of $23.05.
Yu expects Niu Technologies to post earnings per share (EPS) of $0.00 for the fourth quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Niu Technologies, with an average price target of $26.75.
The analysts price targets range from a high of $30 to a low of $23.5.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $644.93 million and a net profit of $56.32 million. The company's market cap is $1.72 billion.
According to TipRanks.com, Needham analyst Vincent Yu is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -4.4% and a 44.68% success rate.
Niu Technologies is a holding company, which engages in the provision of urban mobility solutions. It involves in the design, manufacture, and sale of lithium-ion battery-powered e-scooters. The company was founded in September 2014 and is headquartered in Beijing, China.