Needham analyst Vincent Yu maintained a Buy rating on Niu Technologies (NASDAQ:NIU) on Tuesday, setting a price target of $36, which is approximately 10.84% above the present share price of $32.48.
Yu expects Niu Technologies to post earnings per share (EPS) of $0.00 for the fourth quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Niu Technologies, with an average price target of $34.5.
The analysts price targets range from a high of $40 to a low of $31.
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 $2.43 billion.
According to TipRanks.com, Needham analyst Vincent Yu is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.0% and a 61.82% 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.