NIO Has Humongous Upside Regardless of Provide Chain Considerations, Excessive Commodity Prices, Analyst Says
[ad_1]
-
Mizuho analyst Vijay Rakesh maintained a Purchase on NIO Inc (NYSE: NIO) and reduce the value goal to $34 from $40.
-
The Tesla Inc (NASDAQ: TSLA) rival reported delicate September quarter income and EPS and guided to weaker December quarter income with deliveries under consensus with ~7k manufacturing affect in October.
-
Additionally Learn: Warren Buffett’s Berkshire Hathaway Trim Holdings In This Tesla Competitor Once more
-
Searching, NIO guided December quarter deliveries under consensus with provide chain constraints, battery prices to stay a headwind into C23E, and mannequin ramps with ET5 and Europe a tailwind.
-
Whereas the secular electrification pattern stays robust and NIO is well-positioned, the inventory has seen headwinds with excessive commodity prices, weaker client sentiment, and U.S.-China regulatory issues.
-
B of A Securities analyst Ming Hsun Lee maintained a Purchase and reduce the value goal from $16 to $15.
-
Worth Motion: NIO shares traded increased by 9.62% at $11.34 on the final examine Friday.
Newest Scores for NIO
|
Date |
Agency |
Motion |
From |
To |
|---|---|---|---|---|
|
Feb 2022 |
CLSA |
Maintains |
Purchase |
|
|
Feb 2022 |
Barclays |
Initiates Protection On |
Obese |
|
|
Jan 2022 |
Macquarie |
Initiates Protection On |
Outperform |
View Extra Analyst Scores for NIO
View the Newest Analyst Scores
See extra from Benzinga
Do not miss real-time alerts in your shares – be part of Benzinga Professional without spending a dime! Strive the software that can make it easier to make investments smarter, sooner, and higher.
© 2022 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
Source link