BBernstein NNIO · NIO
Bernstein Lowers NIO Price Target to $5
Rating
Hold
Price target
$5
Previous
$6
Implied upside
+23%
Bernstein SocGen Group analyst Eunice Lee lowered the price target on NIO (NYSE: NIO) to $5 (from $6) while maintaining a Market Perform rating.
“The launch treadmill — Growth awaits earnings leverage; Q2 strong top-line growth, but earnings lag. NIO reported Q2 revenue of RMB 32.1bn (+69% yoy, +26% qoq), with deliveries of 108k units (+49% yoy, +29% qoq).”
Disclaimer
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.
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.
