Niu Technologies (NIU) Reports Q4 Loss of $0.23, offers outlook

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NIU Technologies (NIU) PT Lowered to $2 at Citi

March 18, 2024 2:21 PM EDT

Citi analyst Beatrice Lam lowered the price target on NIU Technologies (NASDAQ: NIU) to $2.00 (from $2.40) while maintaining a Neutral rating.

The analyst comments "Niu reported disappointing FY23 results with revenue falling 16% YoY to Rmb2,652mn and (GAAP) net loss... More