NIO Inc. (NIO) Misses Q4 EPS by RMB 47c, Misses on Revenue, Delivers 50,045 EVs; Offers Q1 Outlook
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Deutsche Bank Comments on NIO (NIO) Results
March 5, 2024 8:54 AM ESTDeutsche Bank analyst Vincent Ha reiterated a Buy rating and $9.00 price target on NIO (NYSE: NIO).
The analyst comments "NIO reported mixed 4Q results while providing a better than feared 1Q24 outlook. Deliveries for the fourth quarter were already reported at 50,045 units, leading to revenue of 17.1bn RMB, better than DBe/consensus 16.9/16.8bn due to higher ASP.... More
Morgan Stanley Reviews NIO (NIO) Quarterly Report
March 5, 2024 7:10 AM ESTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $13.00 price target on NIO (NYSE: NIO).
The analyst comments "NIO reported a widening net loss of Rmb5.6bn in 4Q23 (vs. Rmb4.6bn loss in 3Q23), in-line with our expectation of an Rmb5.5-6bn loss. Total revenue dropped 10% QoQ to... More
