Niu Technologies (NIU) Reports Q1 EPS of RMB0.69; offers outlook

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NIU Technologies (NIU) PT Raised to $2.40 at Citi

May 20, 2024 11:49 AM EDT

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

The analyst comments "Niu Technologies posted mixed 1Q24 results. E-scooter sales volume and revenue were solid (revenue +21% YoY/+5% QoQ) but bottom-line missed... More