NIO Has Humongous Upside Regardless of Provide Chain Considerations, Excessive Commodity Prices, Analyst Says
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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 |
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