Needham analyst Vincent Yu reiterated a Buy rating on Niu Technologies (NASDAQ:NIU) on Thursday, setting a price target of $36, which is approximately 24.44% above the present share price of $28.93.
Yu expects Niu Technologies to post earnings per share (EPS) of $0.00 for the first quarter of 2021.
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 09/30/2020, the company reported a quarterly revenue of $894.46 million and a net profit of $80.96 million. The company's market cap is $2.16 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 18.9% and a 54.84% 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.