"The tariff-driven market volatility has been rough on shares of Chinese electric vehicle (EV) maker Nio Inc. ( NYSE: NIO), which last April fell to a multiyear low of $3.02. Shares rebounded afterward but eventually tumbled again. They are now up 6.2% year over year, after a 6.2% drop in the past week. The company reported record-high December deliveries and revealed plans to enter the Australian and New Zealand markets."
"The stock is trading 40.5% higher than six months ago, easily 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 $6.74, which is over 40% higher than the current share price. Note that the high price target is up at $9.20."
Tariff-driven market volatility caused Nio shares to fall to a multiyear low of $3.02 last April, with subsequent rebounds and declines. Shares are up 6.2% year over year but dropped 6.2% in the past week and trade 40.5% higher than six months ago. The company reported record-high December deliveries and plans market entries in Australia and New Zealand. Analyst sentiment is mixed: about half of 27 analysts recommend buying, with a mean price target of $6.74 and a high target of $9.20. High-performance +600-mile models and battery swap technology address range anxiety while international expansion continues.
Read at 24/7 Wall St.
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