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NIO (NIO) Stock Forecast & Price Target

$4.46
-0.08 (-1.76%)
(As of 07/19/2024 ET)

NIO - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 11 Wall Street analysts who have issued ratings for NIO in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 1 has given a sell rating, 8 have given a hold rating, and 2 have given a buy rating for NIO.

Consensus Price Target

$7.55
69.18% Upside
High Forecast$16.00
Average Forecast$7.55
Low Forecast$4.00

According to the 11 analysts' twelve-month price targets for NIO, the average price target is $7.55. The highest price target for NIO is $16.00, while the lowest price target for NIO is $4.00. The average price target represents a forecasted upside of 69.18% from the current price of $4.46.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Hold
Hold
Reduce
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
4 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$7.55$7.55$8.43$12.47
Forecasted Upside69.18% Upside27.58% Upside26.57% Upside27.61% Upside
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NIO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NIO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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NIO Stock vs. The Competition

TypeNIOAuto/Tires/Trucks CompaniesS&P 500
Consensus Rating Score
2.09
2.46
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside69.18% Upside340.83% Upside10.04% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/7/2024Bank of America
4 of 5 stars
 Boost TargetNeutral ➝ Neutral$5.90 ➝ $6.00+22.32%
6/6/2024Citigroup
3 of 5 stars
 Lower TargetBuy ➝ Buy$10.40 ➝ $8.50+72.41%
5/15/2024JPMorgan Chase & Co.
3 of 5 stars
 UpgradeUnderweight ➝ Neutral$4.80 ➝ $5.40-6.66%
4/15/2024Macquarie
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 Initiated CoverageNeutral$5.00+21.65%
4/2/2024Barclays
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 Reiterated RatingEqual Weight ➝ Underweight$5.00 ➝ $4.00-13.98%
3/25/2024Mizuho
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 Reiterated RatingBuy ➝ Neutral$5.50+12.47%
3/14/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$8.00 ➝ $7.20+29.26%
3/7/2024Sanford C. Bernstein
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 Lower TargetMarket Perform ➝ Market Perform$7.50 ➝ $5.50-4.68%
3/6/2024Jefferies Financial Group
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 Lower TargetHold ➝ Hold$8.30 ➝ $5.90+10.07%
1/3/2024The Goldman Sachs Group
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 Initiated CoverageNeutral
9/6/2023Deutsche Bank Aktiengesellschaft
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 Lower TargetBuy ➝ Buy$17.00 ➝ $16.00+48.15%
8/31/2023CLSA
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 Lower Target$18.00 ➝ $14.00+31.33%
6/12/2023Nomura
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 DowngradeBuy ➝ Neutral$25.80 ➝ $7.50-7.18%
3/20/2023Morgan Stanley
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 Lower Target$16.10 ➝ $12.00+45.28%
12/29/2022China Renaissance
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cut the
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Lower TargetHold$12.30 ➝ $10.40+6.12%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:43 PM ET.

NIO Forecast - Frequently Asked Questions

What is NIO's forecast for 2024?

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for NIO is $7.55, with a high forecast of $16.00 and a low forecast of $4.00.

Should I buy or sell NIO stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NIO in the last year. There is currently 1 sell rating, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NIO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NIO, but not buy additional shares or sell existing shares.

Does NIO's stock price have much upside?

According to analysts, NIO's stock has a predicted upside of 27.58% based on their 12-month stock forecasts.

Has NIO been upgraded by Wall Street analysts recently?

Over the previous 90 days, NIO's stock had 1 upgrade by analysts.

What analysts cover NIO?

NIO has been rated by research analysts at Bank of America, Citigroup, and JPMorgan Chase & Co. in the past 90 days.

Do Wall Street analysts like NIO more than its competitors?

Analysts like NIO less than other "auto/tires/trucks" companies. The consensus rating score for NIO is 2.09 while the average consensus rating score for "auto/tires/trucks" companies is 2.46. Learn more on how NIO compares to other companies.


This page (NYSE:NIO) was last updated on 7/21/2024 by MarketBeat.com Staff

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