Bank of America Raises NIO Price Target to $6.80

BofA Securities analyst Ming Hsun Lee raised the price target on NIO (NYSE: NIO) to $6.80 (from $6.70) while maintaining a Neutral rating.

“We factor in 1Q26 result, and slightly lift our 2026/27E sales volume by 1%/1% and lift GPM by 1.4ppt/1.4ppt to factor in reflect the new sales guidance, model pipeline, and margin guidance.

Net-net, we raise the 2026/27E non-GAAP net profit by 593%/23%. We raise our PO to USD6.8/ADS (HKD53) from USD6.7 (HKD52 per share, see details on page 5).

We reiterate Neutral rating on NIO, as its strong model pipeline and OPEX are partially offset by sector headwind: lower EV purchase subsidy and cost inflation (battery, memory, metals) in 2026.”

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