"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 38.9% 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."
"Their mean price target has jumped up to $6.25, which is 7.2% higher than the current share price. Note that the high price target is all the way up at $9.03. BofA Securities and Mizuho recently reiterated their Neutral ratings. 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."
Tariff-driven volatility pushed Nio shares to a multiyear low in April, followed by a rebound that leaves the stock up 38.9% year to date. August deliveries hit a record 31,305 vehicles and a collaboration with McLaren was announced. New mass-market brands Onvo and Firefly supported solid delivery growth in the first two quarters. The stock trades higher than six months ago and is modestly above its year-ago price, but less than half of 26 analysts recommend buying. Mean price targets rose to $6.25 while some firms maintain Neutral ratings. High-performance models, long-range capability, and battery-swap technology support international expansion and investor interest.
Read at 24/7 Wall St.
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