"The tariff-driven market volatility has been rough on shares of Chinese electric vehicle (EV) maker Nio Inc. ( NYSE: NIO), which in April fell to a multiyear low of $3.02. Shares rebounded afterward but tumbled again recently. They are now up 9.9% year to date, after a 12.5% retreat in the past week, following a mixed third-quarter report that bolstered concern over whether it can reach its goal of quarterly profitability by the end of this year."
"The stock is still trading 35.7% higher than six months ago, outperforming the S&P 500 in that time. Yet, Wall Street sentiment remains somewhat cautious, with half of 28 analysts who cover the stock recommending buying shares. Their mean price target has slipped to $6.75, which is about 41% higher than the current share price. Note that the high price target is up at $9.09."
Tariff-driven market volatility pushed Nio's shares to a multiyear low of $3.02 in April, followed by rebounds and recent declines that leave the stock up 9.9% year-to-date after a 12.5% retreat in the past week. A mixed third-quarter report increased doubts about reaching quarterly profitability by year-end. The stock trades 35.7% higher than six months ago and has outperformed the S&P 500, while half of 28 analysts recommend buying and the mean price target is $6.75 with a high target of $9.09. Nio offers high-performance 600+-mile range models and battery-swap technology and is expanding internationally.
Read at 24/7 Wall St.
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