Nio price target raised to $6.50 from $5.90 at Morgan Stanley

Morgan Stanley analyst Tim Hsiao raised the firm’s price target on Nio (NIO) to $6.50 from $5.90 and keeps an Overweight rating on the shares. The firm lowered its volume estimate for 2025 by 9% to 330K units, reflecting a weaker than expected first half of 2025, but its 2026-2027 volume estimates remain largely unchanged as the solid order intake of Onvo L90 should underpin more meaningful volume recovery in 2026, the analyst tells investors in a research note.