Barclays analyst Jiong Shao maintains $NIO Inc (NIO.US)$ with a sell rating, and maintains the target price at $4.
According to TipRanks data, the analyst has a success rate of 48.8% and a total average return of 8.0% over the past year.
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 volume growth will be positive in 2025, this will likely be counterbalanced by slower margin expansion and high operating expenses as cited by analysts.
The downgrade was influenced by less than expected demand for the core Nio brand and a slower ramp-up in Onvo production, which resulted in an 18% shortfall in Q4 revenue guidance compared to the consensus. Additionally, concerns stem from revelations that 50%-60% of Onvo orders might be impacted by the expiration of local purchase subsidies by the end of 2024, leading to reduced sales forecasts for FY24 and FY25.
Note:
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