Tiger Securities Keeps Nio’s $8.00 Price Target
US Tiger Securities analyst Bo Pei reiterated on November 26, 2025, a ‘Buy’ rating and $8.00 price target on Nio.
“NIO reported a solid 3Q25 print, highlighted by meaningful margin recovery, improving operating efficiency, and continued product momentum across the three-brand portfolio.
While the 4Q delivery guidance of 120–125k units came in below prior market expectations, management noted continued strength in high-margin models, a more favorable product mix heading into year-end, and reiterated confidence in achieving quarterly breakeven in 4Q.
Looking ahead, the 2026 outlook appears constructive as the company enters a stronger product cycle led by multiple large SUVs, improving cost structure, and scale-driven operating leverage.
Overall, despite near-term volume volatility tied to subsidy changes, we view the underlying fundamentals as improving.
Strength in high-end models, rapid margin normalization, disciplined cost execution, and a stronger 2026 product cycle all point to a more favorable profitability path.
With a strengthened balance sheet and a clearer roadmap toward sustainable earnings, NIO appears well positioned to enter its next phase of growth.
Maintain BUY.”
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