Summary:
- Niu Technologies (NIU, Financial) achieves a remarkable 57% increase in first-quarter unit sales.
- Analysts forecast an average price target of $3.80, reflecting a slight downside from the current stock price.
- GuruFocus suggests a potential 33.85% upside based on the estimated GF Value.
Niu Technologies' Impressive Sales Surge
Niu Technologies (NIU) has showcased a robust performance with a substantial 57% rise in unit sales during the first quarter, totaling 203,313 units compared to the same period last year. The company's growth in China is particularly noteworthy, with domestic sales soaring by 60% to reach 183,065 units. Meanwhile, international sales contributed 20,248 units to the impressive figures. The recent launch of the NX Pro in March further fueled interest, resulting in high pre-order levels.
Wall Street Analysts Forecast
According to projections from two Wall Street analysts, the one-year price target for Niu Technologies (NIU, Financial) averages at $3.80, which includes a high estimate of $4.00 and a low estimate of $3.60. This average target suggests a marginal downside of 1.05% from the stock's current price of $3.84. For further detailed estimate data, please visit the Niu Technologies (NIU) Forecast page.
Brokerage Recommendations and GF Value Estimate
The consensus recommendation from two brokerage firms rates Niu Technologies (NIU, Financial) at an average of 2.5, signifying an "Outperform" status. This rating scale ranges from 1, indicating a Strong Buy, to 5 for a Sell recommendation.
When considering GuruFocus estimates, the projected GF Value for Niu Technologies (NIU, Financial) in the upcoming year is pegged at $5.14. This estimate points towards a potential upside of 33.85% from the current price of $3.84. The GF Value is GuruFocus's assessment of the stock's fair trading value, derived from historical trading multiples and both past growth and future performance predictions. For additional comprehensive data, explore the Niu Technologies (NIU) Summary page.
