Needham analyst Vincent Yu maintained a Buy rating on Niu Technologies (NASDAQ:NIU) on Monday, setting a price target of $46, which is approximately 132.68% above the present share price of $19.77.
Yu expects Niu Technologies to post earnings per share (EPS) of $1.20 for the fourth quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Niu Technologies, with an average price target of $46.
The analysts price targets range from a high of $46 to a low of $46.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $1.23 billion and a net profit of $102.6 million. The company's market cap is $1.6 billion.
According to TipRanks.com, Needham analyst Vincent Yu is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.8% and a 24.37% 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.