TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Amazon & Nio.
Chinese electric vehicle start-up Nio Inc's first employee Tianshu LI, and company's leadership team celebrate at the New York Stock Exchange Opening Bell to commemorate the company's initial public offering at the NYSE in New York, September 12, 2018.Stocks ended the first quarter on a downbeat, but investors should keep an eye on their long-term objectives.
Some of Wall Street's most accurate pros have highlighted five stocks for the long term, according to TipRanks, which tracks the best-performing analysts.Supply-side constraints and tightening economic activity in general have brought down high-growth and tech names, and for Nio , investors' aversion toward China-based stocks has not benefited the company.
of Mizuho Securities. He said that the near-term headwinds do not reflect the company's fundamentals, nor its outlook.The analyst asserted that Nio is "positioned well for long-term growth with a focus on R&D, premium EV leadership, EV penetration accelerating in China, global expansion underway, and mass market launch potentially in 2022-23." He expects the firm to ramp its production by the back half of the year.
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