"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 6.3% year over year, after a 10.7% retreat in the past month due largely to 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 41.5% higher than six months ago, outperforming the S&P 500 in that time. Yet, Wall Street sentiment remains somewhat cautious, with only about half of 27 analysts who cover the stock recommending buying shares. Their mean price target has ticked up to $6.72, which is about 37% higher than the current share price. Note that the high price target is up at $9.17."
"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."
Tariff-driven volatility pushed Nio shares to a multiyear low of $3.02 in April, followed by rebounds and recent declines tied to a mixed third-quarter report and profitability concerns. Shares are up 6.3% year over year and 41.5% higher than six months ago, outperforming the S&P 500; about half of 27 analysts rate the stock a buy, with a mean target of $6.72 and a high of $9.17. Encouraging product developments include +600-mile models and battery-swap technology. Nio debuted in 2018, surged in 2020–2021, fell thereafter, and maintains a positive long-term outlook.
Read at 24/7 Wall St.
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