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Nio (NYSE:NIO) traded increased early on Monday after the Chinese language electrical automobile maker made its first deliveries of the ET7 mannequin. Analysts are additionally nonetheless chiming on the corporate’s This autumn earnings report and setup for 2022.
Mizuho saved a bullish stance on Nio (NIO) with a Purchase ranking reiterated and value goal on the Chinese language EV inventory set at $60.
Analyst Vijay Rakesh and group assume that regardless of near-term headwinds, Nio (NIO) is well-positioned for long-term development with premium EV management, international enlargement underway in Germany, Denmark, Sweden, and the Netherlands, in addition to a mass market launch forward.
Nomura additionally maintained a Purchase ranking on Nio (NIO) because it pointed to the 44% gross sales quantity development in This autumn regardless of the lingering provide chain points. A value goal of $51.50 was set.
Within the extra cautious camp, Financial institution of America lower its value goal on Nio (NIO) to $28 after factoring within the excessive stage of working bills. The agency caught with a Impartial ranking on Nio (NIO), saying it sees higher worth elsewhere regardless of the strong mannequin launch pipeline.
Additionally of observe, ARK Make investments snapped up greater than 420K shares of Nio on Friday for the Autonomous Expertise & Robotics ETF.
Nio (NIO) gained 1.70% premarket to $67.86.
See all the expansion metrics on Nio.
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