Bank of America Lowers Price Target on Nio to $6.70
- Rating
- Hold
- Unchanged
- Target
- $6.70
- from $7.60 (−12%)
- Outcome
- Reached
- on April 16, 2026
What the analyst said
BofA Securities analyst Ming Hsun Lee lowered on November 26, 2025, the price target on Nio to $6.70 (from $7.60) while maintaining a ‘Neutral’ rating on the stock.
“We adjust our 2025/26E sales volume by -5.5%/+0.4% to reflect the new sales guidance and model pipeline.
Factoring in the 3Q25 results and better margins, we narrow the non-GAAP net loss by 11/18% for 2025/26E.
We revise our PO to USD6.7/ADS (HKD52) from USD7.6 (HKD59 per share); see details inside.
We reiterate our Neutral rating, as despite the strong model pipeline, in our view, the positives from volume growth and a narrowing loss are already reflected in the current valuation.”
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Where the price stands
NIO trades at $3.33. The 5 analysts who set a target in the last 3 months range from $4 to $7.10, with a median of $5. This $6.70 target is 34% above the median.
Since the note NIO has moved −40% (from $5.50). 12-month window: day 329 of 365, closes on November 26, 2026.
Track record
This call✓ Target reached on April 16, 2026, 5 months after the note.
Firm track recordBank of America: 86% of its 28 targets at least a year old were reached within 12 months (#12 of 28 firms). Accuracy ranking →
Bank of America on NIO
Bank of America price targets on NIO
4 calls from September 22, 2025 to May 21, 2026. The target went from $7.60 to $6.80 (−11%). The rating stayed Hold.
- May 21, 2026Target raised from $6.70 (+1%)Hold$6.80
- March 10, 2026Kept the $6.70 targetHold$6.70
- November 26, 2025 This noteTarget cut from $7.60 (−12%)Hold$6.70
- September 22, 2025Earliest call shownHold$7.60
