"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 31.9% year to date, after a 7.8% retreat in the past week, ahead of the impending release of its third-quarter report and concern over whether it can reach its goal of quarterly profitability by the end of this year."
"The stock is still trading 42.3% higher than six months ago, outperforming the S&P 500 in that time. Yet, Wall Street sentiment remains somewhat cautious, with half of 28 analysts who cover the stock recommending buying shares. Their mean price target has slipped to $6.83, which is almost 19% higher than the current share price. Note that the high price target is up at $9.03."
Tariff-driven volatility pushed Nio shares to a multiyear low of $3.02 in April, followed by a rebound that leaves the stock up 31.9% year-to-date despite a 7.8% retreat in the past week ahead of its third-quarter report. Management aims for quarterly profitability by year-end. The stock trades 42.3% above its six-month level, outperforming the S&P 500, while Wall Street remains cautious: half of 28 analysts rate the stock a buy and the mean price target is $6.83 with a high target of $9.03. Nio’s +600-mile models and battery-swap technology support international expansion and long-term growth prospects.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]