JPMorgan Downgrades NIO (NIO) to Neutral

JPMorgan analyst Nick Lai downgraded NIO (NYSE: NIO) from Overweight to Neutral with a price target of $4.70 (from $7.00).

The analyst comments "In 2025, one of our theses is earnings delivery will again play an integral role in the stock’s performance - we revise down our FY25-26 revenue and earnings estimates by 7-10%/13% and our new estimates are similar to street forecasts. Our full year volume estimate is 334k units this year, up 50% from 2024. Our volume assumption is shy of mgmt’s 2025 target of doubling sales from 2024 to about 440k units. We will monitor closely Nio’s monthly sales run rate as well as order flow. We rate the stock Neutral."

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 $4.28 yesterday.

You May Also Be Interested In

• Morgan Stanley Downgrades Sawai Group Holdings Co., Ltd (4887:JP) (SWPIF) to Equalweight
• JPMorgan Upgrades Kratos Defense & Security (KTOS) to Overweight
• Stifel Downgrades Adobe (ADBE) to Hold