Nio ( (NIO) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Nio Inc. has reported a stronger-than-expected performance in its Q3 results, primarily driven by a significant increase in vehicle deliveries and a reduced net loss. The electric vehicle maker delivered 87,071 units, marking a 41% year-over-year increase, although its revenue of ¥21.79 billion slightly missed expectations. Despite this, Freedom Capital has upgraded Nio’s stock from Hold to Buy, raising the price target to $7, citing the company’s momentum in deliveries and its multi-brand strategy as key factors for future growth.
Looking ahead, Nio anticipates Q4 deliveries to range between 120,000 and 125,000 units, reflecting a 65% to 70% year-over-year growth. However, this is a revision from an earlier target of 150,000 units. Analysts remain cautiously optimistic, noting that while Nio’s vehicle margins are improving, the company has adjusted its revenue guidance to be slightly below expectations. Despite a 30% decline in Nio’s stock from its October peak, the consensus on Wall Street remains a Moderate Buy, with an average price target suggesting a potential upside of over 20%.