$NIO Inc (NIO.US)$ NIO Inc.’s Strategic Expansion and Financ...
$NIO Inc (NIO.US)$
NIO Inc.’s Strategic Expansion and Financial Growth Drive ‘Buy’ RatingBlurbs
NIO Inc.’s Strategic Expansion and Financial Growth Drive ‘Buy’ Rating
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NIO Inc. Class A ( – ), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst from DBS maintained a Buy rating on the stock and has a HK$65.00 price target.
NIO Inc.’s Strategic Expansion and Financial Growth Drive ‘Buy’ RatingBlurbs
NIO Inc.’s Strategic Expansion and Financial Growth Drive ‘Buy’ Rating
Unmute
You May Like
NIO Inc. Class A ( – ), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst from DBS maintained a Buy rating on the stock and has a HK$65.00 price target.
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Rachel Miu’s rating is based on NIO Inc.’s strong financial growth and strategic expansion plans. The company experienced a 12% year-on-year increase in sales volume for the third quarter of 2024, aligning with its sales target. This growth is expected to continue with projected fiscal year 2024 sales expected to reach 224,000 units, marking a 40% increase year-on-year.
Additionally, NIO’s financial position has been bolstered by a capital injection of RMB 3.3 billion from Chinese investors, enhancing the company’s ability to fund its medium-term development. The company is also expanding its global presence with collaborations in the Middle East and North Africa, which is expected to mitigate export tariff impacts. These factors, combined with the anticipated upswing in sales from its new model, ONVO L60, have prompted the Buy rating, with a raised target price of HKD 65/USD 8.
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Rachel Miu’s rating is based on NIO Inc.’s strong financial growth and strategic expansion plans. The company experienced a 12% year-on-year increase in sales volume for the third quarter of 2024, aligning with its sales target. This growth is expected to continue with projected fiscal year 2024 sales expected to reach 224,000 units, marking a 40% increase year-on-year.
Additionally, NIO’s financial position has been bolstered by a capital injection of RMB 3.3 billion from Chinese investors, enhancing the company’s ability to fund its medium-term development. The company is also expanding its global presence with collaborations in the Middle East and North Africa, which is expected to mitigate export tariff impacts. These factors, combined with the anticipated upswing in sales from its new model, ONVO L60, have prompted the Buy rating, with a raised target price of HKD 65/USD 8.
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NIO Inc. Class A (9866) Company Description:
NIO Inc operates in China’s premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Its model includes EP9 supercar, ES8, ES6, and EC6 followed by ET7 and ET6 The company sells vehicles through its own sales network, including NIO Houses, NIO Spaces, and their mobile application. The majority of the revenue is earned from selling vehicles.
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Disclaimer: The TipRanks Smart Score performance is based on backtested results. Backtested performance is not an indicator of future actual results. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Changes in these assumptions may have a material impact on the backtested returns presented. Certain assumptions have been made for modeling purposes and are unlikely to be realized. No representations and warranties are made as to the reasonableness of the assumptions. This information is provided for illustrative purposes only. Backtested performance is developed with the benefit of hindsight and has inherent limitations. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Actual performance may differ significantly from backtested performance. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Please note all regulatory considerations regarding the presentation of fees must be taken into account. No cash balance or cash flow is included in the calculation.
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73162089 OP : DBS buy rating to $8 per NIO share.