"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 80.0% year to date and trading near a 52-week high after it posted record-breaking delivery numbers for September and the third quarter. Those results were attributed in part to growing sales of the mass-market Onvo and Firefly brands."
"The stock is now trading 150.0% higher than six months ago. Compared to a year ago, Nio's share price is up 25.8%. Wall Street sentiment remains somewhat cautious, with half of 26 analysts who cover the stock recommending buying shares. Their mean price target has risen to $6.72, though that is below the current share price. Note that the high price target is $9.02. UBS recently upgraded its rating on the stock to Buy."
"There are some encouraging tailwinds for shareholders, though. The Chinese carmaker's high-performance models, which feature a +600-mile range, have caught the eye of vehicle enthusiasts and investors, while addressing range anxiety issues by creating battery swap technology as a supplement to charging. Nio is a leading electric vehicle manufacturer in China and has been expanding its presence internationally. From a stock performance standpoint, Nio has been a tale of two stories."
Nio's shares fell to a multiyear low of $3.02 in April due to tariff-driven volatility but have rebounded strongly, rising 80.0% year-to-date and 150.0% above six months ago. Record deliveries in September and the third quarter were driven partly by mass-market Onvo and Firefly models. Wall Street sentiment is mixed: 13 of 26 analysts rate the stock a buy, with a mean price target of $6.72 and a high target of $9.02; UBS upgraded to Buy. Nio's high-performance models offer over 600-mile range and battery-swap technology while the company expands internationally. Historical volatility includes an all-time high of $62.84 in Feb. 2021.
Read at 24/7 Wall St.
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