NIO (NIO) Stock: $32 Price Target And Buy Rating

Apr 4th, 2022 8:10 EST
  • The shares of NIO Inc (NYSE: NIO) have received a $32 price target from UBS. These are the details.

The shares of NIO Inc (NYSE: NIO) have received a $32 price target from UBS. These are the details.

The shares of NIO Inc (NYSE: NIO) have received a $32 price target from UBS. And UBS analyst Paul Gong upgraded NIO to a “Buy” rating from a “Neutral” rating.

Gong noted that while NIO’s sales volume growth has slowed with aging products, it is believed that 3 new model launches slated for this year – based on the second-generation NT2.0 platform – could drive sales acceleration.

“UBS Evidence Lab’s EV consumer survey reveals NIO’s improving brand recognition, providing a basis for new products’ strong sales volumes, in our view,” added Gong in a research note.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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