Daiwa analyst Kelvin Lau has maintained their bullish stance on NIO stock, giving a Buy rating today.
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Kelvin Lau has given his Buy rating due to a combination of factors that highlight Nio’s strategic positioning and growth prospects. The recent launch of the new ES8 model at a competitive price point, which was slightly below its presale price, has generated optimism about its market demand. The anticipated increase in sales volume, with expectations of reaching 10,000 units in October and 15,000 units by December 2025, supports a positive outlook for the company’s performance.
Furthermore, Nio is entering a new car model upcycle, which is projected to continue into 2026 with the release of additional models such as the ES9 and L80 in the first half of the year, followed by the ES7 in the second half. This strategic expansion of their product line is expected to bolster Nio’s market position and drive future growth, reinforcing the Buy rating assigned by Kelvin Lau.
In another report released today, Citi also maintained a Buy rating on the stock with a $8.60 price target.