On Nov 21, major Wall Street analysts update their ratings for $NIO Inc (NIO.US)$, with price targets ranging from $4.8 to $8.9.
Morgan Stanley analyst Tim Hsiao maintains with a buy rating, and maintains the target price at $6.1.
J.P. Morgan analyst Nick Lai maintains with a buy rating, and adjusts the target price from $8 to $7.
BofA Securities analyst Ming-Hsun Lee maintains with a hold rating, and adjusts the target price from $5.3 to $6.
Citi analyst Jeff Chung maintains with a buy rating, and maintains the target price at $8.9.
Macquarie analyst Eugene Hsiao downgrades to a hold rating, and adjusts the target price from $6.6 to $4.8.
Furthermore, according to the comprehensive report, the opinions of $NIO Inc (NIO.US)$'s main analysts recently are as follows:
The firm anticipates that while the volume growth expected in 2025 may offer some positives, they are likely to be moderated by a slower margin expansion and elevated operating expenses.
The softer demand for the core Nio brand and the slower Onvo production increase contributed to the revenue for Q4 failing to meet the guidance midpoint by 18% compared to the consensus. The decision to revise FY24 and FY25 sales forecasts down by 5% each stems from worries about the impact of the anticipated expiration of local purchase subsidies affecting 50%-60% of Onvo orders by the end of 2024.
Here are the latest investment ratings and price targets for $NIO Inc (NIO.US)$ from 6 analysts:
Note:
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