NIO Inc. (NIO) Misses Q3 EPS by 22c; offers guidance
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November 21, 2024 10:45 AM EST
BofA Securities analyst Ming Hsun Lee reiterated a Neutral rating and $6.00 price target on NIO (NYSE: NIO).
The analyst comments "For NIO brand, the company plans to unveil ET9 during NIO Day in Dec 2024, and start delivery of ET9 in March 2025. ONVO... More
November 21, 2024 6:11 AM EST
Barclays analyst Jiong Shao reiterated an Underweight rating and $4.00 price target on NIO (NYSE: NIO).
The analyst comments "Summary: NIOs 3Q results were broadly inline for revenues, margins and losses. The company launched its first car under the new brand ONVO (lower end compared to NIO) around the end of September and... More
November 21, 2024 5:25 AM EST
Bernstein SocGen Group analyst Eunice Lee lowered the price target on NIO (NYSE: NIO) to $4.50 (from $5.00) while maintaining a Market Perform rating.
The analyst comments "Q3 results in-line. NIO reported Q3 revenue of RMB 18.7bn (-2.1% yoy and +7.0% qoq). Q3 saw higher volume (61.9k units, +11.6% yoy and +7.8% qoq), which was partially offset by lower ASP of RMB 270.0k (-14.0% yoy and -1.2% qoq), due to weaker product mix and higher... More
November 20, 2024 1:11 PM EST
Macquarie analyst Eugene Hsiao downgraded NIO (H-Shares) (9966:HK) (NYSE: NIO) from Outperform to Neutral with a price target of HK$38.00.
The analyst comments ": We think it is too early to say if NIO brand cannibalization risks are real or if Onvo demand is as... More
