What the analyst said
Bernstein SocGen Group analyst Eunice Lee raised the price target on NIO (NYSE: NIO) to $6.00 (from $5.50) while maintaining a Market Perform rating.
“Q1 clean beat, Q2 strong guide; Q1 clean beat driven by ES8; second straight quarter of non-GAAP profit. NIO reported Q1 revenue of RMB 25.5bn (+112% yoy, -26% qoq), with deliveries of 83k units (+98% yoy, -33% qoq).
ASP rose to RMB 273k (+16% yoy, +8% qoq), supported by stronger product mix from the ES8 (54% of mix vs. 32% in Q4; starting price RMB 406.8k).
Gross margin reached 19.0%, with vehicle margin improving to 18.8% (vs. 18.1% in Q4), driven by ES8 contribution. Net income turned negative at RMB -332mn (vs.
RMB 283mn in Q4) due to lower sequential scale, but adjusted net profit (non-GAAP) remain positive at RMB 44mn.
We rate NIO at Market-Perform with PT for NIO.US at US$6.00 (Old: US$5.50) and for 9866.HK at HK$47.00 (Old: HK$43.00). We value NIO on 0.5x 1-yr forward EV/Sales multiple (unchanged).
We lifted our price target on the back of stronger sales volume momentum for the newer launches, such as the ES8.”
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.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
Where the price stands
NIO trades at $3.34. 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 target is 20% above the median.
Since the note NIO has moved −40% (from $5.60). 12-month window: day 152 of 365, closes on May 22, 2027.
Track record
This call✓ Target reached on June 2, 2026, 11 days after the note.
Firm track recordBernstein: 75% of its 12 targets at least a year old were reached within 12 months (#22 of 28 firms). Accuracy ranking →
Bernstein on NIO
Bernstein price targets on NIO
3 calls from March 11, 2026 to September 2, 2026. The target went from $5.50 to $5 (−9%). The rating stayed Hold.
- September 2, 2026Target cut from $6 (−17%)Hold$5
- May 22, 2026 This noteTarget raised from $5.50 (+9%)Hold$6
- March 11, 2026Earliest call shownHold$5.50
