🎯 Why Nio Shares Are on Track for Double-Digit Gains This Week 💰

$NIO Inc(NIO.US)$ is in the midst of multiple new model launches that some think could drive the EV maker to the next level.
Deutsche Bank analyst Edison Yu assigned it a price target of $39 per share. That share price represented a gain of more than 100% from last week's closing price.

Nio began shipping its latest SUV model last month. It delivered nearly 400 of the five-seater ES7 SUVs in August. It expects to quickly follow that with initial deliveries of its second electric sedan model at the end of this month. The ET5 is a mid-size sedan and follows the company's large, luxury ET7 sedan that went into production earlier this year.
https://www.fool.com/investing/2022/09/15/why-nio-shares-are-on-track-for-double-digits-gain/