NIO (NYSE:NIO) Stock Price Up 6.9% Following Analyst Upgrade

Key Points

• NIO's stock price surged 6.9% after an upgrade from UBS Group, which raised its rating from neutral to buy and set a new price target of $8.50.
• Multiple analysts have recently adjusted their price targets for NIO, with Mizuho increasing it to $6.00 and Bank of America to $7.10, while Barclays set a target at $3.00.
• Institutional investors have shown strong interest, with Trilogy Capital Inc. increasing its stake by 1,307.5% during the first quarter, and institutional ownership now stands at 48.55%.

Shares of NIO Inc. (NYSE:NIO - Get Free Report) rose 6.9% during trading on Tuesday after UBS Group upgraded the stock from a neutral rating to a buy rating. UBS Group now has a $8.50 price target on the stock, up from their previous price target of $6.20. NIO traded as high as $6.90 and last traded at $6.94. Approximately 66,510,792 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 57,470,117 shares. The stock had previously closed at $6.49.

Other research analysts have also recently issued research reports about the company. Mizuho lifted their target price on NIO from $3.50 to $6.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Bank of America upped their price objective on NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. upgraded NIO from a "neutral" rating to an "overweight" rating and upped their target price for the company from $4.80 to $8.00 in a report on Tuesday, August 26th. Barclays reduced their target price on NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group upgraded NIO from a "sell" rating to a "neutral" rating and upped their target price for the company from $3.70 to $3.80 in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $6.16.

Institutional Investors Weigh In On NIO

Several hedge funds have recently added to or reduced their stakes in the stock. Trilogy Capital Inc. raised its stake in shares of NIO by 1,307.5% in the first quarter. Trilogy Capital Inc. now owns 144,356 shares of the company's stock worth $550,000 after purchasing an additional 134,100 shares during the last quarter. Ping Capital Management Inc. purchased a new stake in NIO during the first quarter valued at $305,000. Hsbc Holdings PLC increased its position in NIO by 96.6% during the first quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock valued at $3,964,000 after acquiring an additional 510,610 shares during the last quarter. American Century Companies Inc. increased its position in NIO by 18.0% during the first quarter. American Century Companies Inc. now owns 702,772 shares of the company's stock valued at $2,678,000 after acquiring an additional 107,239 shares during the last quarter. Finally, Accuvest Global Advisors purchased a new stake in NIO during the first quarter valued at $331,000. 48.55% of the stock is owned by institutional investors.

NIO Stock Performance

The company has a market cap of $14.48 billion, a PE ratio of -4.34 and a beta of 1.20. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.71. The business has a 50-day moving average of $5.15 and a 200 day moving average of $4.32.

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

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.

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