Nio rallies after Citi boosts price target on positive view of market share mome
$NIO Inc(NIO.US$ is up 3.25% in early trading to cut into the post-earnings decline.
Citi boosts its price target on Nio to $87 from $70 on its expectation that the Chinese EV player will nab more market share.
"Given their strong product offerings, we expect local brands to retain 65%+ market share in China NEV (new energy vehicles) sales in 2022-25E despite increased competition from the continued expansion of Tesla and other foreign brands, which began to grow their electric vehicle divisions in recent years."
The average price target on Nio has stayed steady over the last six months right around $60 even with the supply chain disruption and chip shortage impacting results.
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Austin ONeill : Be pattient, Nio equals Big Money
Wyatt lincoln : LONG NIO
Sacai Luis : Just a matter of time. This is the price to get in for long term gain.
Rann New : $87 is conservative. But reflects greater than 100% upside in 12 months. No brainer even for the novice investor.
sPhCqxPcWZ : Oh what would we do without them raising their price target. I would be completely lost about on all of my investments.
I3kmETh4aA : Humor?
TpdPfbWje4 I3kmETh4aA: Yes it is. These analysts with their analysis that is 2 years too late. Wallstreet is just a swamp of rats. Can't trust anything they say.
Louou : It can only be said that the fundamentals of the company are good