Nio stock has fallen 11.6% over the past week, dropped 17.2% over the past month, but still gained 36.1% over the past year. Wall Street’s analysts are moderately bullish, forecasting a move from the last close at $5.20 to an average 12‑month target of $6.23.
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Analyst Ming-Hsun Lee (Merrill Lynch Hong Kong) reiterated (NIO) at Hold on May 22, 2026, raising his price objective to $6.80, above the current consensus. That target implies upside from recent trading levels, but his stance remains Neutral despite better-than-expected profitability.
Lee notes that Nio’s first-quarter 2026 revenue of RMB25.5 billion was up 112% year over year, driven by 98% growth in vehicle sales and higher average selling prices. Gross profit margin rose to 19.0%, beating his 17.0% estimate thanks to an 18.8% vehicle margin and a favorable mix with more ES8 sales.
Looking ahead, management guides for 110,000–115,000 vehicle deliveries in the second quarter, up sharply year over year. While higher raw material prices are adding about RMB10,000 in cost per car, Nio aims to keep vehicle margins at 17–18% for 2Q26 and full-year 2026 through better product mix, lower discounts, efficiency gains, and supplier negotiations.
Lee has lifted his 2026 and 2027 earnings forecasts, raising projected non-GAAP net profit by 593% and 23% respectively and nudging his price target from $6.70 to $6.80. This N-star analyst ranks 2085 out of 12214 on TipRanks, with a 35.19% success rate and 13.90% average return per rating. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.