Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: Amazon (AMZN), Expedia (EXPE) and Nio (NIO)

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Amazon (AMZN – Research Report), Expedia (EXPE – Research Report) and Nio (NIO – Research Report).

Amazon (AMZN)

Citi analyst Ronald Josey reiterated a Buy rating on Amazon yesterday and set a price target of $245.00. The company’s shares closed last Wednesday at $185.99, close to its 52-week high of $191.70.

According to TipRanks.com, Josey is a top 100 analyst with an average return of 24.2% and a 59.0% success rate. Josey covers the NA sector, focusing on stocks such as Getty Images Holdings, Fiverr International, and Zillow Group Class A.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $219.87 average price target, a 18.2% upside from current levels. In a report issued on May 2, Argus Research also maintained a Buy rating on the stock with a $205.00 price target.

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Expedia (EXPE)

In a report released today, Justin Post from Bank of America Securities maintained a Hold rating on Expedia, with a price target of $147.00. The company’s shares closed last Wednesday at $112.45.

According to TipRanks.com, Post is a top 100 analyst with an average return of 23.4% and a 67.5% success rate. Post covers the NA sector, focusing on stocks such as Booking Holdings, Maplebear, and Airbnb.

Expedia has an analyst consensus of Moderate Buy, with a price target consensus of $145.42, representing a 27.5% upside. In a report issued on May 3, Piper Sandler also downgraded the stock to Hold with a $145.00 price target.

Nio (NIO)

In a report released yesterday, Jeff Chung from Citi maintained a Buy rating on Nio, with a price target of $10.40. The company’s shares closed last Wednesday at $5.33, close to its 52-week low of $3.61.

According to TipRanks.com, Chung is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -11.0% and a 35.3% success rate. Chung covers the NA sector, focusing on stocks such as Geely Automobile Holdings, XPeng, Inc. ADR, and Li Auto.

Currently, the analyst consensus on Nio is a Moderate Buy with an average price target of $6.63.

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