NIO Inc. (NIO) Misses Q4 EPS by 19c, Misses on Revenue, Delivers 30,053 EVs; Sees Q2 Deliveries of 54K-56K
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Go back to NIO Inc. (NIO) Misses Q4 EPS by 19c, Misses on Revenue, Delivers 30,053 EVs; Sees Q2 Deliveries of 54K-56K
June 7, 2024 10:48 AM EDT
Bernstein SocGen Group analyst Eunice Lee reiterated a Market Perform rating and $5.50 price target on NIO (NYSE: NIO).
The analyst comments "Q1 results a miss. NIO reported Q1 revenue of RMB 9.9bn (-7.2% YoY and -42.1% QoQ). Revenue decline was driven by... More
June 7, 2024 4:54 AM EDT
BofA Securities analyst Ming Hsun Lee raised the price target on NIO (NYSE: NIO) to $6.00 (from $5.90) while maintaining a Neutral rating.
The analyst comments "NIO announced 1Q24 results and hosted a conference call on 6 June. Total revenue came in at... More
June 6, 2024 2:45 PM EDT
Citi analyst Jeff Chung lowered the price target on NIO (NYSE: NIO) to $8.50 (from $10.40) while maintaining a Buy rating.
The analyst comments "To factor in YTD strong sales momentum and upcoming new model launches of ONVO and Firefly, we raise 2024-25E sales... More
June 6, 2024 8:26 AM EDT
Citi analyst Jeff Chung reiterated a Buy rating and $10.40 price target on NIO (NYSE: NIO).
The analyst comments "1Q vehicle GPM arrived at 9.2% in-line with Bloomberg consensus while GAAP net loss at Rmb5.29bn (narrowed by 6% QoQ but widened by 9% YoY) and missed... More
June 6, 2024 6:34 AM EDT
NIO (NYSE: NIO) shares fell slightly Thursday after the company reported worse-than-anticipated Q1 results.
The Chinese electric vehicle (EV) maker posted a quarterly loss per share (EPS) of RMB2.39, wider than the loss per share of RMB2.20 that analysts expected. The company's... More
