6 Analysts Adjust Forecasts on NIO as Stock Surged

NIO Analyst Ratings:

Nio Inc, a leading Chinese electric vehicle manufacturer, on Monday June 12th received 6 analyst research reports resulting in changes to the coverage in the stock forecast. These rating changes indicate varying perspectives on the future performance of the company's stock.

Here are the details of the recent analyst rating changes:

  1. Nomura downgraded its rating on Nio Inc from "Neutral" to "Sell" and significantly reduced its price target from USD 25.8 to USD 7.5. This downgrade suggests that Nomura has a more pessimistic outlook on Nio Inc's stock and believes it may underperform in the near future.

  2. J.P. Morgan Chase & Co maintained its "Neutral" rating on Nio Inc but lowered its price target from USD 10 to USD 8.5. This indicates that J.P. Morgan Chase & Co sees limited upside potential for the stock and maintains a cautious stance.

  3. Morgan Stanley & Co reiterated its "Overweight" rating on Nio Inc with a price target of USD 12. This implies that Morgan Stanley & Co remains optimistic about the stock's performance and expects it to outperform the broader market.

  4. Mizuho Securities maintained its "Buy" rating on Nio Inc but adjusted its price target from USD 25 to USD 20. This suggests that Mizuho Securities still sees potential for growth in the stock but has slightly tempered its expectations.

  5. Bank of America Merrill Lynch also maintained its "Buy" rating on Nio Inc but slightly reduced its price target from USD 12 to USD 11. This indicates that Bank of America Merrill Lynch remains positive about the stock's prospects but expects a slightly lower price appreciation.

  6. Citigroup maintained its "Buy" rating on Nio Inc and revised its price target from USD 13.4 to USD 11.5. This suggests that Citigroup still believes in the stock's potential for growth but has adjusted its price target downwards.

NIO Analyst Targets by Stock Target Advisor

Nio Stock Analysis

According to the forecast from 10 analysts, the average target price for Nio Inc Class A ADR stock over the next 12 months is USD 14.39. The average analyst rating for the stock is "Strong Buy." Stock Target Advisor's own analysis of Nio Inc Class A ADR is "Bearish," with 1 positive signal and 6 negative signals.

As of the last closing, Nio Inc Class A ADR's stock price was USD 8.40. Over the past week, the stock price has increased by +9.5%. However, it has experienced a significant drop of 53.7% over the last year.

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