NIO (NYSE:NIO) Price Target Raised to $8.60

Key Points

• Citigroup raised NIO's price target from $8.10 to $8.60, suggesting a potential upside of 21.73% from its previous close, and maintains a "buy" rating on the stock.
• Other analysts have also increased their price targets, with Bank of America setting it at $7.10 and UBS Group at $8.50, showing a general bullish sentiment towards NIO.
• NIO is currently trading around $7.07 and reported a quarterly revenue of $2.65 billion, which was below analysts' expectations.

NIO (NYSE:NIO - Get Free Report) had its target price upped by stock analysts at Citigroup from $8.10 to $8.60 in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm presently has a "buy" rating on the stock. Citigroup's price objective would suggest a potential upside of 21.73% from the company's previous close.

Other equities research analysts have also issued research reports about the company. Bank of America increased their target price on NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. The Goldman Sachs Group raised NIO from a "sell" rating to a "neutral" rating and increased their price target for the company from $3.70 to $3.80 in a report on Tuesday, June 17th. UBS Group raised NIO from a "neutral" rating to a "buy" rating and increased their price target for the company from $6.20 to $8.50 in a report on Tuesday, September 16th. Wall Street Zen raised NIO from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Finally, JPMorgan Chase & Co. raised NIO from a "neutral" rating to an "overweight" rating and increased their price target for the company from $4.80 to $8.00 in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $6.35.

NIO Trading Up 2.2%

NYSE NIO traded up $0.16 during trading hours on Tuesday, hitting $7.07. 32,584,454 shares of the company's stock were exchanged, compared to its average volume of 58,641,508. The business's 50 day moving average is $5.50 and its 200-day moving average is $4.43. NIO has a 12-month low of $3.02 and a 12-month high of $7.71. The firm has a market capitalization of $14.75 billion, a P/E ratio of -4.42 and a beta of 1.20. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.71 and a current ratio of 0.84.

NIO (NYSE:NIO - Get Free Report) last released its earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The business had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $20.07 billion. NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.The business's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted ($2.21) earnings per share. NIO has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that NIO will post -1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On NIO

A number of institutional investors have recently made changes to their positions in NIO. Xponance Inc. bought a new position in shares of NIO in the first quarter worth about $39,000. Blueshift Asset Management LLC bought a new position in NIO during the first quarter valued at about $43,000. Hedeker Wealth LLC bought a new position in NIO during the second quarter valued at about $43,000. Annex Advisory Services LLC bought a new position in NIO during the first quarter valued at about $47,000. Finally, May Hill Capital LLC bought a new position in NIO during the first quarter valued at about $48,000. 48.55% of the stock is currently owned by institutional investors.

About NIO

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.

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