"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. They are now up 56.9% year to date, despite a retreat of 12% or so in recent days on news of a lawsuit against the company by Singapore's sovereign wealth fund, as well as the departure of some Nio executives."
"The stock is still trading 82.4% higher than six months ago, easily outperforming the S&P 500 in that time. Wall Street sentiment remains somewhat cautious, though, with less than half of 25 analysts who cover the stock recommending buying shares. Their mean price target is $6.80, but note that the high price target is up at $9.02. There are some encouraging tailwinds for shareholders, though."
Tariff-driven volatility pushed Nio shares to a multiyear low in April before a rebound that left the stock up 56.9% year to date. Recent news of a lawsuit by Singapore's sovereign wealth fund and executive departures caused a short-term retreat. The stock trades 82.4% higher than six months ago and has outperformed the S&P 500. Fewer than half of 25 analysts recommend buying, with a mean price target of $6.80 and a high target of $9.02. Product strengths include +600-mile range models and battery-swap technology. Nio is expanding internationally and maintains a positive long-term outlook.
Read at 24/7 Wall St.
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