Better Chinese Growth Stock: Nio vs. Bilibili
A stampede of bulls rushed to (NYSE: NIO) and Bilibili (NASDAQ: BILI) during the buying frenzy in growth stocks in early 2021. Nio's stock hit an all-time high of $62.84 on Feb. 09, 2021 as the Chinese electric vehicle (EV) maker dazzled investors with its soaring deliveries. Bilibili reached its record high of $156.37 on Feb. 10, 2021 as the Chinese gaming, streaming video, and e-commerce company impressed the market with its rapid growth and persistent popularity among Gen Z users.
But both of these Chinese stocks crashed as their growth rates cooled off, rising interest rates popped their bubbly valuations, and delisting threats in the U.S. clouded their long-term prospects. That's why Nio and Bilibili now trade at just $15 and $19, respectively. Should investors buy either of these out-of-favor Chinese growth stocks before the bulls come back?
Image source: Getty Images.
Source Fool.com
NIO Inc. Stock
The community is currently still undecided about NIO Inc. with 2 Buy predictions and 0 Sell predictions.
With a target price of 5 € there is a positive potential of 43.47% for NIO Inc. compared to the current price of 3.49 €.
