NIO is a prominent electric vehicle (EV) manufacturer that has garnered significant attention in the automotive industry. The company is known for its innovative and high-performance EV models, captivating consumers with sleek designs, advanced technologies, and impressive driving ranges. NIO has built a reputation for delivering an exceptional user experience by offering features such as swappable batteries, cutting-edge autonomous driving capabilities, and a comprehensive charging network. With a strong emphasis on sustainable mobility, NIO has gained a loyal customer base and has seen remarkable growth in recent years. The company continues to push the boundaries of EV technology, positioning itself as a key player in the global shift towards electric mobility.
LATEST UPDATE
Morgan Stanley analyst Tim Hsiao has recently reiterated an Overweight rating for NIO (NYSE: NIO) and maintained a price target of $12. This rating update from a prominent analyst adds to the overall assessment of NIO’s performance and outlook.
In the past quarter, NIO has received the following analyst ratings:
- Bullish: 3
- Somewhat Bullish: 2
- Indifferent: 2
- Somewhat Bearish: 0
- Bearish: 0
In the last 30 days, there have been no bullish ratings, one somewhat bullish rating, and no ratings falling under the indifferent, somewhat bearish, or bearish categories.
One month ago, there were three bullish ratings, one somewhat bullish rating, two indifferent ratings, and no ratings falling under the somewhat bearish or bearish categories.
Two months ago, there were no ratings in any category.
Three months ago, there were no ratings in any category.
A total of seven analysts have provided these ratings. Their average price target for NIO is $11.86, compared to the current price of $10.03, suggesting an upside potential.
Over the past three months, there has been a 13.62% decrease in the current average price target from the previous average of $13.73.
To stay updated on NIO analyst ratings, it is recommended to regularly check for the latest information.
Analyst ratings reflect the assessments made by these professionals regarding a company’s future profitability over a specific period, usually the next five years. They evaluate the risk and predictability of a company’s revenue streams.
Analysts gather information by attending company conference calls and meetings, conducting research on financial statements, and communicating with insiders. They publish their ratings periodically, typically once per quarter or when significant updates are announced by the company.
In addition to ratings, analysts may provide forecasts for various metrics such as growth estimates, earnings, and revenue, offering further guidance to investors. It is important to note that analyst ratings are subjective and may contain errors, as they are based on human analysis.