Form 6-K NIO Inc. For: Sep 05
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Barclays Reiterates Underweight Rating on NIO (NIO), PT $4, 'a high level of uncertainty as the company is transforming'
September 9, 2024 12:47 PM EDTBarclays analyst Jiong Shao reiterated an Underweight rating and $4.00 price target on NIO (NYSE: NIO)
The analyst comments "Key takeaways: 2Q results were broadly inline and 3Q delivery guide suggests continued solid delivery of NIO branded cars at roughly 20k per month. We remind investors that since NIO upgraded specs of its product portfolio and reduced prices earlier this year, NIO has... More
Bernstein SocGen Group Reiterates Market Perform Rating on NIO (NIO)
September 6, 2024 6:01 AM EDTBernstein SocGen Group analyst Eunice Lee reiterated a Market Perform rating and $5.00 price target on NIO (NYSE: NIO).
The analyst comments "Q2 results in line. NIO reported Q2 revenue of RMB 17.4bn (+98.9% yoy and +76.1% qoq). Revenue increase was driven by higher volume (57.4k units, +143.9% yoy and 90.9% qoq), partially offset by lower ASP (-10.5% yoy and -2.0% qoq) that resulted from higher discounts and promotions in Q2. Gross margin was 9.7% and vehicle margin improved to... More
NIO (NIO) PT Lowered to $5.10 at Jefferies
September 6, 2024 5:34 AM EDTJefferies analyst Xiaoyi Lei lowered the price target on NIO (NYSE: NIO) to $5.10 (from $5.50) while maintaining a Hold rating.
The analyst comments "NIO reported 2Q24 results with rev up 98.9% YoY to RMB17.4bn and net loss narrowed by 2.5%... More
Citi Opens 30-Day Upside Catalyst Watch on NIO (NIO)
September 5, 2024 2:09 PM EDTCiti analyst Jeff Chung reiterated a Buy rating and $7.00 price target on NIO (NYSE: NIO).
The analyst comments "(1) We expect 3Q24 other revenue of Rmb1.86bn with negative GPM narrowed to -9.5% (from 2Q24s -12.3%). (2) We anticipate 3Q24 blended ASP to... More
NIO (NIO) PT Raised to $5.30 at BofA Securities
September 5, 2024 1:29 PM EDTBofA Securities analyst Ming Hsun Lee raised the price target on NIO (NYSE: NIO) to $5.30 (from $5.00) while maintaining a Neutral rating.
The analyst comments "NIO announced 2Q24 results and hosted a conference call on 5 September. Total revenue came in at... More
