Electric vehicle (EV) maker Nio (NYSE: NIO) has been increasing vehicle sales and approaching profitability. Now, a Wall Street upgrade has the stock surging today.
Analysts at Goldman Sachs upgraded Nio to a "buy" from "hold" and set a price target of $7. At 11:25 a.m. ET, Nio's American depositary shares traded at $4.96 per share, up 3.7%. Goldman's target price is 46% higher than where Nio stock closed on Friday.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Nio has reported strong EV sales so far this year, despite strong competition in both China and Europe. The latest design for its flagship ES8 luxury electric SUV has been well-received, and its ES9 set a new initial 30-day delivery record among luxury EVs sold in China at its premium price level above about $73,000.
That has led ******* ysts to predict strongly growing revenue and its first full-year positive operating profit in 2027. Today, the stock jumped after Barron's reported Goldman's recommendation and price target.
Analysts at Goldman Sachs upgraded Nio to a "buy" from "hold" and set a price target of $7. At 11:25 a.m. ET, Nio's American depositary shares traded at $4.96 per share, up 3.7%. Goldman's target price is 46% higher than where Nio stock closed on Friday.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Nio has reported strong EV sales so far this year, despite strong competition in both China and Europe. The latest design for its flagship ES8 luxury electric SUV has been well-received, and its ES9 set a new initial 30-day delivery record among luxury EVs sold in China at its premium price level above about $73,000.
That has led ******* ysts to predict strongly growing revenue and its first full-year positive operating profit in 2027. Today, the stock jumped after Barron's reported Goldman's recommendation and price target.
14 days ago
