Nio (NIO) stock has pulled back about 10% over the past five trading sessions, trailing the broader market as trading volume stayed low. Despite the selloff, the stock is still up roughly 50% so far this year. The Chinese EV maker recently posted upbeat October delivery figures, with volumes jumping 92.6% year-over-year and 16.3% month-over-month, driven by solid demand for its Onvo and Firefly brands. Analysts, however, point out that Nio still faces margin pressure and intense competition in China’s crowded EV space. With those concerns in mind, Wall Street remains cautious, and the average price target suggests only limited upside from current levels.
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Looking ahead, Nio will report Q3 2025 earnings on November 25. Analysts expect a loss of $0.23 per share on revenue of $3.11 billion.
Wall Street Weighs in on NIO Stock
On October 31, Goldman Sachs analyst Tina Hou raised her price target on NIO stock to $7 from $4.30, but maintained a Neutral rating. She said NIO’s newer models, the L90 and ES8, offer better design and performance, which has helped lift sales in recent months.
Hou said NIO plans to launch two more models, the L80 and ES9, along with an updated ES7 in 2026. These new models should help keep sales momentum strong if they perform as well as the company’s recent launches. She increased her 2026–2030 sales forecast by 6%–11%, expecting higher demand and better margins as NIO’s production scale improves. Goldman also raised its free cash flow forecast for 2026–2030 to RMB 22 billion, up from RMB 11 billion earlier. However, she prefers to remain on the sidelines for now, noting that the stock has limited upside in the short term.
Meanwhile, UBS analyst Paul Gong upgraded NIO from Neutral to Buy and raised his price target to $8.50 from $6.20 in a September report. Gong said NIO’s new models should help attract more buyers, and the company’s recent $1 billion equity offering gives it better financial support. He expects NIO to hold about RMB 21 billion in net cash by the end of 2025 and reach free cash flow breakeven in 2026.
Gong also noted that analysts have been raising their revenue and profit forecasts for NIO, which could help close the valuation gap between Nio and its peer XPeng (XPEV).
Is NIO a Good Stock to Buy Now?
Turning to Wall Street, NIO stock has a Moderate Buy consensus rating based on six Buys, six Holds, and one Sell assigned in the last three months. At $6.90, the average NIO stock price target implies an upside risk of 6.98%.
