"Shares rebounded afterward. They are now up 44.9% year to date, despite a rollercoaster ride for investors in the past week after a record 31,305 vehicle deliveries in August and an announced collaboration with British supercar maker McLaren. Nio reported a solid increase in deliveries in the first and second quarters, following the launch of its new mass-market brands, Onvo and Firefly."
"The stock is now trading 49.4% higher than six months ago. Compared to a year ago, Nio's share price is up 52.3%. However, Wall Street sentiment remains cautious, with half of 26 analysts who cover the stock recommending buying shares. While their mean price target has jumped up to $6.18, that is still less than the current share price. Note that the high price target is all the way up at $9.00. BofA Securities and Mizuho just reiterated their Neutral ratings."
Nio shares plunged to a multiyear low of $3.02 in April amid tariff-driven volatility, then rebounded to rise 44.9% year to date and 52.3% over the past year. The company delivered a record 31,305 vehicles in August and reported solid delivery increases in Q1 and Q2 after launching mass-market brands Onvo and Firefly. Nio continues to pioneer swappable battery packs and offers high-performance models with more than 600-mile range. Wall Street sentiment remains mixed: half of 26 analysts rate the stock a buy, with a mean price target of $6.18 and a high target of $9.00.
Read at 24/7 Wall St.
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