Citi analyst Jeff Chung maintains $NIO Inc (NIO.US)$ with a buy rating, and maintains the target price at $8.9.
According to TipRanks data, the analyst has a success rate of 39.6% and a total average return of -10.2% 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 expectation that volume growth in 2025 could be partly counterbalanced by slower margin expansion and elevated operating expenses has been reiterated.
Recent developments have shown a weaker demand for the core Nio brand and a slower Onvo production ramp-up, resulting in an 18% shortfall for the Q4 revenue guidance compared to consensus expectations. Analysts are now voicing concerns over comments indicating that 50%-60% of Onvo orders might be adversely impacted by the expiration of local purchase subsidies by the end of 2024, prompting a revision in the FY24 and FY25 sales forecasts downward by 5% each.
Note:
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