NIO (NYSE:NIO) Price Target Raised to $4.00
by Renee Jackson · The Cerbat GemNIO (NYSE:NIO – Free Report) had its price target boosted by Barclays from $3.00 to $4.00 in a research report report published on Friday, Marketbeat Ratings reports. They currently have an underweight rating on the stock.
A number of other equities analysts have also recently weighed in on NIO. Wall Street Zen raised NIO from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Bank of America upped their target price on shares of NIO from $5.00 to $7.10 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Mizuho raised their price target on shares of NIO from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Citigroup lowered their price target on shares of NIO from $8.60 to $6.90 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, UBS Group downgraded shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.73.
View Our Latest Stock Report on NIO
NIO Trading Up 1.0%
NYSE:NIO opened at $5.52 on Friday. NIO has a 52-week low of $3.02 and a 52-week high of $8.02. The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 2.36. The stock has a fifty day simple moving average of $6.79 and a 200-day simple moving average of $5.38. The company has a market capitalization of $11.51 billion, a PE ratio of -3.80 and a beta of 1.04.
NIO (NYSE:NIO – Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $20.07 billion. NIO had a negative net margin of 31.17% and a negative return on equity of 1,085.61%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted ($2.21) earnings per share. NIO has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that NIO will post -1.43 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NIO
Several hedge funds and other institutional investors have recently modified their holdings of NIO. Caitong International Asset Management Co. Ltd grew its holdings in NIO by 3,282.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 42,925 shares of the company’s stock valued at $327,000 after purchasing an additional 41,656 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new position in NIO in the 3rd quarter valued at about $431,000. CANADA LIFE ASSURANCE Co boosted its position in NIO by 13.8% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 1,066,223 shares of the company’s stock valued at $7,675,000 after buying an additional 129,487 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of NIO during the third quarter valued at about $155,000. Finally, XTX Topco Ltd purchased a new stake in shares of NIO during the third quarter worth about $1,456,000. 48.55% of the stock is owned by institutional investors and hedge funds.
About NIO
NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.
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