NIO Inc. Reports Unaudited Second Quarter 2024 Financial Results

Barclays Reiterates Underweight Rating on NIO (NIO), PT $4, 'a high level of uncertainty as the company is transforming'

Barclays analyst Jiong Shao reiterated an Underweight rating and $4.00 price target on NIO (NYSE: NIO)

The analyst comments "Key takeaways: 2Q results were broadly inline and 3Q delivery guide suggests continued solid delivery of NIO branded cars at roughly 20k per month. We remind investors that since NIO upgraded specs of its product portfolio and reduced prices earlier this year, NIO has... More

Bernstein SocGen Group Reiterates Market Perform Rating on NIO (NIO)

Bernstein SocGen Group analyst Eunice Lee reiterated a Market Perform rating and $5.00 price target on NIO (NYSE: NIO).

The analyst comments "Q2 results in line. NIO reported Q2 revenue of RMB 17.4bn (+98.9% yoy and +76.1% qoq). Revenue increase was driven by higher volume (57.4k units, +143.9% yoy and 90.9% qoq), partially offset by lower ASP (-10.5% yoy and -2.0% qoq) that resulted from higher discounts and promotions in Q2. Gross margin was 9.7% and vehicle margin improved to... More

NIO (NIO) PT Lowered to $5.10 at Jefferies

Jefferies analyst Xiaoyi Lei lowered the price target on NIO (NYSE: NIO) to $5.10 (from $5.50) while maintaining a Hold rating.

The analyst comments "NIO reported 2Q24 results with rev up 98.9% YoY to RMB17.4bn and net loss narrowed by 2.5%... More

Citi Opens 30-Day Upside Catalyst Watch on NIO (NIO)

Citi analyst Jeff Chung reiterated a Buy rating and $7.00 price target on NIO (NYSE: NIO).

The analyst comments "(1) We expect 3Q24 other revenue of Rmb1.86bn with negative GPM narrowed to -9.5% (from 2Q24s -12.3%). (2) We anticipate 3Q24 blended ASP to... More

NIO (NIO) PT Raised to $5.30 at BofA Securities

BofA Securities analyst Ming Hsun Lee raised the price target on NIO (NYSE: NIO) to $5.30 (from $5.00) while maintaining a Neutral rating.

The analyst comments "NIO announced 2Q24 results and hosted a conference call on 5 September. Total revenue came in at... More

Morgan Stanley Issues Positive Tactical Research Idea on NIO (NIO), 'upcoming L60 launch on September 20 as the key positive catalyst'

Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $6.10 price target on NIO (NYSE: NIO).

The analyst comments "We believe the share price will rise in absolute terms over the next 15 days. We view the upcoming L60 launch on September 20 as the... More

Citi Reiterates Buy Rating on NIO (NIO)

Citi analyst Jeff Chung reiterated a Buy rating and $7.00 price target on NIO (NYSE: NIO).

The analyst comments "2Q result in-line with decent GPM improvement: Nio 2Q non-GAAP net loss was Rmb4.5bn and in-line with consensus, while vehicle GPM appeared to... More

Morgan Stanley Reiterates Overweight Rating on NIO (NIO)

Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $6.10 price target on NIO (NYSE: NIO).

The analyst comments "NIO reported a narrowing net loss of Rmb5.1bn in 2Q24 (vs. Rmb5.3bn in 1Q24), largely in-line with our expectation of a Rmb5.2bn... More

NIO Inc. (NIO) Reports In-Line Q2 EPS, Misses on Revenue; Delivers 57,373 EVs; Offers Guidance

NIO Inc. (NYSE: NIO) reported Q2 EPS of (RMB2.21), in-line with the analyst estimate of (RMB2.21). Revenue for the quarter came in at RMB17.45 billion versus the consensus estimate of RMB17.49 billion.

For the third quarter of 2024, the Company expects:

Deliveries of vehicles... More

Nio stock jumps as Q3 deliveries forecast beats expectations

Nio (NYSE: NIO) shares rose around 5% in premarket trading Thursday after the electric vehicle (EV) maker issued better-than-expected deliveries forecast for the third quarter.

The Chinese auto manufacturer expects Q3 deliveries to range from 61,000 to 63,000 vehicles, surpassing the consensus estimate of 56,770. Revenue is estimated to be between... More