What the analyst said
Macquarie analyst Eugene Hsiao upgraded Nio from Neutral to Outperform with a price target of $4.87 (from $5.55).
“Priced at Rmb265.8k, the L90 is poised to be NIO’s most competitive offering: a six-seat large SUV near the price of the five-seat Tesla Model Y.
L90 appears to be a better value for money vs Li Auto’s recent i8 at a 17% lower entry price, but offering many similar features.
We lift our FY25E/26E volume estimates to 347k/500k and raise our TPs by >40% to HK$44.00/US$5.50.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
Where the price stands
NIO trades at $3.39. The 5 analysts who set a target in the last 3 months range from $3.70 to $7.10, with a median of $5. This $4.87 target is 3% below the median.
Since the note NIO has moved −30% (from $4.87). The 12-month window closed on August 1, 2026.
Track record
Firm track recordToo early to score Macquarie: price targets are 12-month calls and fewer than 5 of its targets are a year old. 6 of its 11 open targets have already been reached. How we score
Macquarie on NIO
Macquarie price targets on NIO
4 calls from August 1, 2025 to March 11, 2026. The target went from $4.87 to $6.50 (+33%). The rating stayed Buy.
- March 11, 2026Target raised from $6.10 (+7%)Buy$6.50
- January 15, 2026Upgraded to Buy, target raised from $5.30 (+15%)Buy$6.10
- November 26, 2025Downgraded to Hold, target raised from $4.87 (+9%)Hold$5.30
- August 1, 2025 This noteEarliest call shownBuy$4.87
