UPDATE: US Tiger Securities Starts NIO (NIO) at Buy

December 8, 2021 4:33 AM EST
Get Alerts NIO Hot Sheet
Price: $20.08 --0%

Rating Summary:
    21 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 18 | New: 31
Join SI Premium – FREE
(Updated - December 8, 2021 4:36 AM EST)

US Tiger Securities analyst Bo Pei initiates coverage on NIO (NYSE: NIO) with a Buy rating and a price target of $45.00.

The analyst comments "Strategically targeting the premium segment (starting price over ¥350K) with its best-in-class services and innovative BaaS model, NIO is well-positioned to ride the global smart EV adoption trend in the coming decade and become a major player in the field. We believe NIO has successfully established a first-class brand image with superior performance, elegant design, leading services, and a unique user community, which should lead to strong consumer demand and market share gains from not only traditional high-end ICE vehicles but also EV peers. Near term, we expect the unveiling of at least one model on 2021 NIO Day (12/18) with new technologies to serve as a positive catalyst; in addition, the expected ET7 deliveries in 1Q:22 should bring the company's volume to a new level. We also see faster share gain driven by NIO’s accelerating product cycle, with the deliveries of three new models in '22 (ET7, reportedly ET5 and code name Gemini). Longer-term, overseas markets, the mass-market brand, and AD as a service could meaningfully expand the company’s TAM and margin profile."

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 $33.12 yesterday.

You May Also Be Interested In

Related Categories

Analyst Comments, Hot Comments, Hot New Coverage, New Coverage