NIO (NYSE:NIO) Upgraded to "Overweight" at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has upgraded NIO from a "neutral" rating to an "overweight" rating, with a new price target of $8.00, indicating a potential upside of 31.36% from its previous close.
• Other analysts have given mixed ratings to NIO, with Goldman Sachs upgrading it to "neutral," while Barclays set a target price lower than JPMorgan's, further reflecting a divergence in market sentiment.
• NIO reported a loss of ($0.45) EPS for the last quarter, which was below analysts' estimates, despite a year-on-year revenue increase of 21.5%.

NIO (NYSE:NIO - Get Free Report) was upgraded by stock analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued on Tuesday, Marketbeat.com reports. The firm currently has a $8.00 price target on the stock, up from their prior price target of $4.80. JPMorgan Chase & Co.'s target price would suggest a potential upside of 22.98% from the company's current price.

A number of other research firms also recently issued reports on NIO. Barclays dropped their target price on shares of NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 4th. The Goldman Sachs Group upgraded shares of NIO from a "sell" rating to a "neutral" rating and boosted their target price for the company from $3.70 to $3.80 in a research report on Tuesday, June 17th. Citigroup reiterated a "buy" rating on shares of NIO in a research report on Monday, April 28th. Mizuho dropped their target price on shares of NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Finally, Morgan Stanley reiterated a "buy" rating on shares of NIO in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NIO currently has an average rating of "Hold" and an average target price of $5.21.

NIO Trading Up 2.6%

Shares of NYSE NIO traded up $0.17 during midday trading on Tuesday, reaching $6.51. The stock had a trading volume of 74,488,034 shares, compared to its average volume of 86,410,048. NIO has a twelve month low of $3.02 and a twelve month high of $7.71. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. The company's 50 day moving average price is $4.49 and its 200 day moving average price is $4.18.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.23). The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $12.46 billion. NIO had a negative return on equity of 286.45% and a negative net margin of 35.51%.The firm's revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted ($2.39) EPS. NIO has set its Q2 2025 guidance at EPS. Analysts forecast that NIO will post -1.43 earnings per share for the current year.

Institutional Trading of NIO

A number of hedge funds and other institutional investors have recently bought and sold shares of NIO. Trilogy Capital Inc. grew its stake in shares of NIO by 1,307.5% in the 1st quarter. Trilogy Capital Inc. now owns 144,356 shares of the company's stock worth $550,000 after acquiring an additional 134,100 shares in the last quarter. Ping Capital Management Inc. bought a new stake in shares of NIO in the 1st quarter worth $305,000. Hsbc Holdings PLC grew its stake in shares of NIO by 96.6% in the 1st quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock worth $3,964,000 after acquiring an additional 510,610 shares in the last quarter. Accuvest Global Advisors bought a new stake in shares of NIO in the 1st quarter worth $331,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of NIO in the 1st quarter worth $293,000. Institutional investors own 48.55% of the company's stock.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.