Full Answer
What is JP Morgan’s price targets for NIO stock?
As per the details, JP Morgan analyst, Nick Lai, has set a new June 2021 price target of $40 for NIO shares, constituting an upside potential of over 69 percent relative to the current pre-market price level of $23.65. JP Morgan based this price target on a 3.0x Enterprise Value (EV)-to-Sales estimate for the year 2025.
Is Nio Inc’s stock headed to $75?
The stock price of Nio Inc (NYSE: NIO) has received a price target increase from $50 to $75 earlier this week. And JPMorgan analyst Nick Lai reiterated a “Buy” rating on NIO.
What was the price of the NIO IPO?
The company issued 160,000,000 shares at a price of $6.25-$8.25 per share. Morgan Stanley, Goldman Sachs (Asia) and J.P. Morgan acted as the underwriters for the IPO and BofA Merrill Lynch, Deutsche Bank Securities, Citigroup, Credit Suisse and UBS Investment Bank were co-managers. What is NIO's stock symbol?
What to expect from NIO stock in 1q2i?
NIO is scheduled to report 1Q2i results around May 28". We expect a further uptick in revenue (YoY and QoQ) and continued expansion in margins. We retain our full-year estimate unchanged for now. JP Morgan has a $70 price target on NIO and an Overweight rating.
What is a good price for NIO stock?
Stock Price TargetsHigh$447.97Median$202.52Low$147.06Average$215.22Current Price$19.24
Is NIO a good stock to buy?
“NIO is trading at attractive valuation of 1.7x one-year forward EV/sales,” added the analyst. NIO was trading for more than 13 times estimated 2021 sales back at the end of 2020. There has been a lot of valuation multiple contraction. Investors have sold high-growth stocks as inflation and interest rates have risen.
Who owns the most NIO stock?
Baillie Gifford & Co.Top 10 Owners of NIO IncStockholderStakeShares ownedBaillie Gifford & Co.5.75%88,750,621BlackRock Fund Advisors2.57%39,711,343The Vanguard Group, Inc.2.47%38,187,213SSgA Funds Management, Inc.1.74%26,808,6436 more rows
Is NIO a buy Zack?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.75%2Buy18.15%3Hold9.70%4Sell5.35%2 more rows
Is Tesla buying NIO?
Oct. 10 -- The largest investor in Tesla Inc. after Elon Musk has taken an 11.4 percent stake in a Chinese company aspiring to become an electric vehicle-making rival.
Will NIO stock go up 2022?
NIO's share price can't keep going up, as its vehicle gross margin is still expected to decline in Q2 2022 and its valuations are largely in line with its peers.
What hedge funds hold NIO?
Top 20 Shareholders of NIOFund/Manager NameSharesValueBridgewater Associates Ray Dalio5.32M$ 112.06MSands Capital Management Frank Sands5.60M$ 117.97MDE Shaw David Shaw5.46M$ 114.97MRenaissance Technologies Jim Simons5.40M$ 113.70M16 more rows
How many hedge funds hold NIO?
203 Hedge FundsHedge Fund Holdings in NIO Based on the 13F filings of 203 Hedge Funds submitted to the SEC. See how hedge fund holdings have changed over the past year. The columns represent the number of shares owned by hedge funds.
Is NIO a holding company?
NIO, Inc. is a holding company which engages in the design, manufacture, and sale of electric vehicles. Its products include the EP9 supercar and ES8 7-seater SUV.
What will NIO price be in 2025?
Nio Stock ForecastYearLower RangeHigher Range2024$43.79$50.132025$59.11$67.682026$76.85$87.982027$99.90$114.385 more rows
Is NIO a sell or hold?
NIO has received a consensus rating of Buy. The company's average rating score is 2.93, and is based on 13 buy ratings, 1 hold rating, and no sell ratings.
Is NIO coming to America?
NIO Is Expanding Beyond China in 2022 What about NIO's presence in the United States? NIO has established NIO USA, which is now headquartered in a 201,500 square-foot corporate facility in San Jose, California. If you're not familiar with corporate shenanigans, that's MASSIVE.
Is NIO a good stock to buy 2022?
Key Points. Nio's stock dropped as the electric vehicle maker's first-quarter margins disappointed. The company expects things to improve significantly in the second half of 2022, however. It also has a big plan for 2024 -- one that no investor can afford to ignore.
Is NIO stock a buy sell or hold?
NIO has received a consensus rating of Buy. The company's average rating score is 2.93, and is based on 13 buy ratings, 1 hold rating, and no sell ratings.
Is NIO overvalued 2021?
NIO Is Still Overvalued Despite a significant haircut to NIO's valuation since the summer of 2021, the stock remains overvalued. NIO has a revenue multiple of seven and no profits. Other EV stocks are also expensive when P/S and P/B ratios for 2021 are considered.
Is NIO a long term investment?
To finalize; with their current dip, their future expansion, and tech plans, the shares will probably go up at least 3 times in the next 5 years, while in the next 10 years they will have a high share in the all-electric market. NIO is absolutely the perfect opportunity, a foolproof long-term investment.
Should I buy or sell NIO stock right now?
14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NIO in the last twelve months. There are currently 1 ho...
What is NIO's stock price forecast for 2022?
14 brokers have issued 1 year target prices for NIO's shares. Their NIO stock forecasts range from $26.00 to $87.00. On average, they anticipate NI...
How has NIO's stock price performed in 2022?
NIO's stock was trading at $31.68 at the beginning of 2022. Since then, NIO shares have decreased by 42.7% and is now trading at $18.14. View the...
When is NIO's next earnings date?
NIO is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings forecast for NIO .
How were NIO's earnings last quarter?
Nio Inc - (NYSE:NIO) posted its earnings results on Thursday, June, 9th. The company reported ($0.79) earnings per share (EPS) for the quarter, bea...
What guidance has NIO issued on next quarter's earnings?
NIO updated its second quarter 2022 earnings guidance on Thursday, June, 9th. The company provided earnings per share guidance of for the period. T...
Who are NIO's key executives?
NIO's management team includes the following people: Mr. Bin Li , Founder, Chairman & CEO (Age 45) Mr. Lihong Qin , Pres & Director (Age 46) M...
What is William Li's approval rating as NIO's CEO?
29 employees have rated NIO CEO William Li on Glassdoor.com . William Li has an approval rating of 89% among NIO's employees.
Who are some of NIO's key competitors?
Some companies that are related to NIO include Volkswagen (VWAGY) , Ford Motor (F) , General Motors (GM) , Stellantis (STLA) , AB Volvo (publ)...
What is the NIO?
Shares of Chinese electric vehicle maker Nio (NYSE: NIO) were trading lower on Thursday, under pressure amid a sell-off of luxury goods makers on concerns that China may take new actions to limit personal income and redistribute wealth.
Where is Nio made?
Nio (NYSE:NIO) is a leading electric vehicle (EV) maker in China. That alone puts the company in a position that attracts investment interest. China is the world’s biggest market for battery electric vehicles, and in 2019, 85% of all EV sales in the country were booked by Chinese manufacturers.
Is Nio a Chinese stock?
Nio is a Chinese stock, and that's just one of the reasons investors in the EV maker are worried.
When will NIO debut?
Finally, the Wall Street giant expects NIO to debut a new sedan at the NIO Day, currently scheduled for December 2020. This will expand NIO’s product portfolio, currently consisting of the ES6 and ES8 SUVs as well as the EC6 crossover.
Is NIO cheaper than Tesla?
More importantly, NIO is currently cheaper than Tesla shares which trade at 5.1x the EV-to-Sales estimate for 2025. Moreover, in a stark admission, Lai admitted: "We missed the stock's major rally YTD.". Crucially, the Wall Street behemoth now expects NIO to capture 7 percent of the cumulative EV market by 2025.
Reasons for optimism
JP Morgan analysts led by Nick Lai said in a report on Thursday that they maintain an optimistic view on NIO's long-term outlook and raised their above-market price target to $50 from a previous $46 to reflect adjusted earnings estimates and above-par performance.
What factors could cause a pullback in NIO stock price
NIO stock has risen 10-fold this year to trade around $50, and investors are focused on whether the current high valuation can be maintained. Some suspect that NIO is now overvalued, a view also held by short-seller Citron, which just shorted NIO and believes that NIO stock should return to $25.
Referenced Symbols
Shares of Nio Inc. NIO, -2.87% bounced 2.7% in premarket trading Wednesday, after J.P. Morgan analyst Nick Lai raised his stock price target to $14 from $11, saying he believes new-energy vehicle (NEV) demand in China could accelerate.
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About the Author
Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
