MMacquarie NNIO · NIO
Macquarie Upgrades Nio’s Rating and Price Target
Rating
Buy
Price target
$4.87
Previous
$5.55
Implied upside
+0%
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.”
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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.
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