Nio misses expectations in Q1, delivers Q2 outlook; shares down
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Bernstein SocGen Group Reiterates Market Perform Rating on NIO (NIO)
June 7, 2024 10:48 AM EDTBernstein 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
NIO (NIO) PT Raised to $6 at BofA Securities
June 7, 2024 4:54 AM EDTBofA 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
NIO (NIO) PT Lowered to $8.50 at Citi
June 6, 2024 2:45 PM EDTCiti 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
Citi Reiterates Buy Rating on NIO (NIO)
June 6, 2024 8:26 AM EDTCiti 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
NIO Inc. (NIO) Misses Q4 EPS by 19c, Misses on Revenue, Delivers 30,053 EVs; Sees Q2 Deliveries of 54K-56K
June 6, 2024 6:13 AM EDT(Updated - June 6, 2024 6:31 AM EDT)
NIO Inc. (NYSE: NIO) reported Q1 EPS of (RMB2.39), RMB0.19 worse than the analyst estimate of (RMB2.20). Revenue for the quarter came in at RMB9.91 billion versus the consensus estimate of RMB10.43 billion.
The company... More
