Why Niu Technologies' Stock Is Surging Today

Shares of Chinese electric-scooter maker Niu Technologies (NASDAQ: NIU) were moving higher on Friday, after a bullish note from a Wall Street analyst stoked already high investor interest in the shares. 

As of 1:30 p.m. EDT, Niu's shares were up about 14% from Thursday's closing price.

In a new note on Friday morning, Piper Sandler analyst Alexander Potter raised his price target on Niu Technologies' stock to $24, from $11, and reiterated his overweight rating on the shares.

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Source Fool.com