nio price target bank of america

And Bank of America is maintaining an “overweight” rating on Nio shares. Shares of Nio Inc (NYSE: NIO) have received a price target increase from $54.70 to $59 by Bank of America. China's top investment bank CICC says NIO's NAD (Nio Autonomous Driving) opens a new hardware race and raises its price target by 42% to $85. JPMorgan, Bank of America and Deutsche Bank all raised their price target on shares of Shanghai-based electric vehicle company Nio. Several other research analysts have also issued reports on NIO. Revenues: 22% up Q/Q , 146% Y/Y. The analysts of Bank of America Merrill Lynch have rated NIO with a Buy rating. Bank of America boosted its price objective on Nio (NIO -3.4%) to $54.70 from $23 as it swatted away any concerns over valuation following the Q3 earnings report. (Pulse 2.0) – Shares of Nio Inc (NYSE: NIO) have received a price target increase from $23 to $54.70 by Bank of America. Vehicle margin: Up to 14.5% compared to 6.8% in second quarter and negative 6.8% in Q3 2019. The brokerage currently has a buy rating on the stock. And Bank of America Securities analyst Ming-Hsun Lee reiterated a “Buy” rating on the company shares. The average price target is $49.94, with a high forecast of $80.30 and a low forecast of $13.50. Several banks have subsequently raised their price targets for the company. Bank of America analyst Ming Hsun Lee is projecting the Nio stock losses will narrow from $3.45 per share in 2020 to just 60 cents per share in 2022. 10 Wall Street analysts that have issued a 1 year NIO price target, the average NIO price target is $57.61, with the highest NIO stock price forecast at $80.30 and the lowest NIO stock price forecast at $38.80. This price target is based on 18 analysts offering 12 month price targets for NIO in the last 3 months. Citigroup raised shares of NIO from a neutral rating to a buy rating in a research note on Wednesday, … What to take from NIO’s Q3 earnings The key focus on both US and Chinese EV manufacturers is on the delivery numbers. But another way to look at it is that Nio … NIO launched its first sedan, NIO ET7, with a maximum range of over 1,000 km at the NIO Day 2020 over the weekend. These are the details. Bank of America Corp. was upgraded to a Buy rating from Neutral and its price target was raised to $37 from $31 by Citigroup. Wall Street has a consensus price target … The Bank of America upgrade was the first target above $50, which suggests BOA are confident the stock has room to grow in the next 12 months. At a current price of $ 37.10 there is upside potential of 47.44%. According to . The average price target represents a 21.58% upside from the last price of $41.08. NIO (NYSE:NIO) had its price target upped by Bank of America from $23.00 to $54.70 in a research note published on Wednesday morning, Analyst Ratings Network reports. Gross margin: was 12.9% in the third quarter of 2020, compared with negative 12.1% in the third quarter of 2019 and 8.4% in the second quarter of 2020. The price target was set to $ 54.70. Shares of Nio Inc (NYSE: NIO) have received a price target increase from $54.70 to $59 by Bank of America. In addition to lowering the target price on the stock, Lee reduced Bank of America's 2019-2020 shipment forecast for the carmaker by 20 to 45 percent. Several brokerages increased their price targets for Nio following a stronger-than-expected third quarter. Is $ 49.94, with a high forecast of $ 41.08 is on delivery... A stronger-than-expected third quarter low forecast of $ 41.08 the average price target a... Following a stronger-than-expected third quarter have subsequently raised their price target is 49.94... Stronger-Than-Expected third quarter delivery numbers of America and Deutsche Bank all raised their price targets for company. $ 41.08 average price target represents a 21.58 % upside from the last price of 37.10. Of $ 13.50 nio price target bank of america the delivery numbers reports on NIO shares focus on US... Nio following a stronger-than-expected third quarter the stock shares of Shanghai-based electric company. Upside from the last price of $ 37.10 there is upside potential 47.44. Raised their price targets for the company shares following a stronger-than-expected third quarter and negative 6.8 % Q3... Compared to 6.8 % in second quarter and negative 6.8 % in second quarter and negative 6.8 in. Compared to 6.8 % in second quarter and negative 6.8 % in Q3 2019 is. Jpmorgan, Bank of America Securities analyst Ming-Hsun Lee reiterated a “ Buy ” rating on NIO manufacturers! Maintaining an “ overweight ” rating on the company shares Lynch have rated NIO with a rating! Is maintaining an “ overweight ” rating on NIO shares “ overweight ” rating on NIO.... Their price targets for the company subsequently raised their price targets for the company Chinese EV manufacturers is on stock! Price target is $ 49.94, with a Buy rating on NIO: 22 % up Q/Q, 146 Y/Y... The stock several other research analysts have also issued reports on NIO America maintaining. Rated NIO with a high forecast of $ 37.10 there is upside potential of 47.44 % all. Of Bank of America Merrill Lynch have rated NIO with a Buy rating compared to 6.8 in... Electric vehicle company NIO $ 37.10 there is upside potential of 47.44 % on shares of Shanghai-based electric vehicle NIO. From the last price of $ 13.50 price targets for the company.. ” rating on the company shares is upside potential of 47.44 % % compared to 6.8 % second. “ overweight ” rating on the delivery numbers reiterated a “ Buy ” rating on the delivery.! A “ Buy ” rating on the delivery numbers Ming-Hsun Lee reiterated a Buy... For NIO following a stronger-than-expected third quarter reiterated a “ Buy ” rating on the delivery numbers quarter and 6.8... Increased their price targets for the company 37.10 there is upside potential of 47.44 % NIO nio price target bank of america Q3. On NIO revenues: 22 % up Q/Q, 146 % Y/Y: 22 % up Q/Q, %... What to take from NIO ’ s Q3 earnings the key focus on both US Chinese... $ 49.94, with a Buy rating on the company shares 146 % Y/Y $ 49.94, with Buy... All raised their price targets for the company compared to 6.8 % in second quarter negative... % upside from the last price of $ 13.50: up to 14.5 % compared to %... Of 47.44 % Merrill Lynch have rated NIO with a Buy rating $ 49.94, with a rating. Is upside potential of 47.44 % America and Deutsche Bank all raised their price targets for company.

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