CLSA Starts NIO (NIO) at Buy (1), $50 PT
Get Alerts NIO Hot Sheet
Rating Summary:
14 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
(Updated - April 23, 2021 8:00 AM EDT)
CLSA analyst Soobin Park initiates coverage on NIO (NYSE: NIO) with a Buy (1) rating and a price target of $50.00.
The analyst comments "Indicators are on and NIO is signalling a new direction into new luxury EV, global and even mobility markets. After establishing itself as a premium electric SUV maker over a mere seven years, it is now planning to move into sedans as well as going on a European drive. Its innovative battery-charging model may be a major draw for users and differentiates it from other high-end EV producers, as does its investment in future technology. We initiate coverage at a BUY with a US$50.00 target, powered by our 48% sales Cagr assumption over 2020-25CL."
For an analyst ratings summary and ratings history on NIO click here. For more ratings news on NIO click here.
Shares of NIO closed at $39.57 yesterday.
You May Also Be Interested In
- Nio (NIO) down on Q1 delivery outlook cut, analyst sees new target as 'achievable'
- Macquarie Upgrades ComfortDelGro Corp Ltd. (CD:SP) (CDGLF) to Outperform
- Torrid Holdings Inc (CURV) PT Raised to $4.80 at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Hot Comments, Hot New Coverage, New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!