Bank of America Lowers Price Target on Nio to $6.70

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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