NIO (NYSE:NIO) Upgraded by UBS Group to "Buy" Rating

Key Points

• NIO has been upgraded by UBS Group from a "neutral" rating to a "buy" rating, with a price target of $8.50 indicating a potential upside of 30.97%.
• Other firms like Morgan Stanley and JPMorgan also have positive ratings on NIO, contributing to its average rating of "Hold" with an average target price of $6.16.
• NIO reported earnings of ($0.32) per share, missing estimates, with a revenue of $2.65 billion for the quarter, representing a 9.0% increase year-over-year.

NIO (NYSE:NIO - Get Free Report) was upgraded by equities researchers at UBS Group from a "neutral" rating to a "buy" rating in a research report issued on Tuesday, Marketbeat reports. The firm presently has a $8.50 price target on the stock. UBS Group's price target indicates a potential upside of 30.97% from the company's current price.

Several other research firms also recently commented on NIO. Morgan Stanley restated a "buy" rating on shares of NIO in a report on Monday, July 14th. Mizuho increased their price objective on NIO from $3.50 to $6.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. upgraded NIO from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $4.80 to $8.00 in a report on Tuesday, August 26th. Bank of America increased their price target on shares of NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Finally, Barclays cut their price objective on NIO from $4.00 to $3.00 and set an "underweight" rating for the company in a report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $6.16.

NIO Price Performance

Shares of NIO opened at $6.49 on Tuesday. The firm has a market capitalization of $13.55 billion, a PE ratio of -4.06 and a beta of 1.20. The stock has a 50 day simple moving average of $5.15 and a 200 day simple moving average of $4.32. 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 has a 52-week low of $3.02 and a 52-week high of $7.71.

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

Institutional Investors Weigh In On NIO

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