Wall Street analysts increasingly bullish on Nio stock after a 50% YTD drop
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Morgan Stanley Removes Research Tactical Idea Call on NIO (NIO) Issued on Sept 5, 2024
September 10, 2024 8:39 AM EDTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $6.10 price target on NIO (NYSE: NIO)
The analyst comments "This Research Tactical Idea is closed. Please click here for the Opening RTI. Effective immediately, the Tactical Idea published on NIO.N on September 05,... More
Barclays Reiterates Underweight Rating on NIO (NIO), PT $4, 'a high level of uncertainty as the company is transforming'
September 9, 2024 12:47 PM EDTBarclays 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)
September 6, 2024 6:01 AM EDTBernstein 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
September 6, 2024 5:34 AM EDTJefferies 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
