Benzinga tracks 120 analyst firms so investors can understand if analysts expect a stock to trade higher or lower. Price Targets are an analyst’s best guess at where the stock will trade in 12 months. According to the issued ratings of 10 analysts in the last year, the consensus rating for NIO stock is Hold based on the current 7 hold ratings and 3 buy ratings for NIO.
An OEM books all the revenue when it sells the cars to customers while the AFC (whose underlying asset or collateral is the car) recognizes monthly mortgage fees paid by customers. On average, they expect the company’s stock price to reach $12.68 in the next twelve months. This suggests a possible upside of 19.9% from the stock’s current price.
To find good ideas for EV stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Lai noted that one bottleneck that might prevent NIO from hitting this goal is the well-publicized deficit in automotive semiconductor chip supplies (and another, constrained supplies of electric batteries). The analyst sees these reducing production rates to perhaps 7,500 units per month in Q2, but easing up thereafter. To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. True, even Lai doesn’t expect any of this to translate into actual net (or even operating) profits before 2023 at the earliest. Morgan Stanley raised its month target on Tesla’s shares by 60 percent to $400 — the highest among Wall Street brokerages as per LSEG data — which, it estimated, would give the EV maker a market capitalization of about $1.39 trillion.
What is the most recent analyst rating for NIO (NIO)?
The Morgan Stanley team raised their price target on Tesla shares by 60% to $400, from $250, and recommended investors move to an “overweight” holding. The shares were recently up more than 9% and the S&P 500’s best performers. In June, the bank’s analysts said that “some signs of de-dollarization are emerging,” as the dollar’s share in foreign reserves fell to a record low. JPMorgan noted in its Thursday report that the dollar’s share in foreign reserves volume has fallen to a record low of 58% in 2022 from 73% in 2001.
A declining series of lower highs sees support come at $38.66 with weaker support at $41.92. To retake a bullish theme NIO shares would need to break above $52. Using Put/Call Ratio as an indicator of investor sentiment overcomes one of the key deficiencies of
using total institutional ownership, which is that a significant amount of assets under management are
invested passively to track indices. Passively-managed funds do not typically buy options, so the put/call
ratio indicator more closely tracks the sentiment of actively-managed funds. NIO’s stock is owned by a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (7.16%), BlackRock Inc. (4.00%), Renaissance Technologies LLC (0.62%), Geode Capital Management LLC (0.41%), Northern Trust Corp (0.33%) and Credit Suisse AG (0.33%).
Liquidity Insights
Nio Inc. is engaged in the design, manufacture, and sale of electric vehicles in the People’s Republic of China, the US, and Europe. The company also manufactures electric motors, battery packs, and other components for the global EV market. Along with this, the company announced its intentions to enter the smartphone market in 2022 along with plans to outfit a production facility in Shenzen. Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of NIO, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year.
- NIO Inc. is a multinational EV manufacturer and one of China’s top 6 manufacturers.
- The analyst sees these reducing production rates to perhaps 7,500 units per month in Q2, but easing up thereafter.
- Most analysts do this every three months, so you should get 4 ratings per company per firm each year.
View analysts price targets for NIO or view top-rated stocks among Wall Street analysts. 10 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for NIO in the last twelve months. There are currently 7 hold ratings and 3 buy ratings for the stock. forex trading scams The consensus among Wall Street equities research analysts is that investors should “hold” NIO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NIO, but not buy additional shares or sell existing shares.
Analyst Ratings for NIO
It is important to perform your own research before making any investment and take independent advice from a registered investment advisor. Enter your email address below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter. (NIO) raised $1.2 billion in an IPO on Wednesday, September 12th 2018.
S&P 500 takes a step down on flagging technology sector components. Equities on softer footing ahead of key US CPI data due on Wednesday. On the earnings conference call, NIO said it will enter the European market and has researched entering the US market according to Reuters. NIO has been rated by Bank of America, Citigroup, CLSA, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Mizuho, Sanford C. Bernstein, and UBS Group in the past 90 days.
“That said, the restrictions are coinciding with the recent launch of Huawei Mate 60 Pro (e.g., Huawei’s 5G smartphone),” says JP Morgan, “and the restrictions will make it tougher for Apple to continue to deliver share gains in the local market.” China’s government recently appeared to ban iPhones amongst its staff, and that did send Apple’s share price dropping by an unwarranted amount. JP Morgan agrees that Apple won’t be affected by that government decision, but says that’s not the only issue. “Are there material upgrades with iPhone 15?” write the analysts. “No, but the volume cycle is likely to be driven by replacement/upgrades of the large installed base.”
- Earlier today, the EV maker reacted to the report saying it is “without merit and contains numerous errors, unsupported speculations, and misleading conclusions and interpretations”.
- Regarding the overall new energy vehicle (NEV) market, Lai said he remains “constructive” this year, but he believes the growth rate will decelerate sharply, to 23% in 2023 from 80% in 2022.
- However, Brent crude oil prices fell just 0.2%, with a 1% rise in the US trade-weighted dollar between 2014 and 2022 — pointing to the greenback’s waning influence in the commodity’s trade.
- September has been the weakest month of the year in the DJIA from 1885 as we can see in the histogram of monthly expected return below.
Assume 20,000 units produced in Q1, and 22,500 in Q2 — that leaves 48,000 cars that NIO will need to build and ship in the second half of the year in order to hit its year-long production goal. That works out to 8,000 cars per month in Qs 3 and 4, and if NIO can do 7,500 cars a month with supply chain problems, it seems reasonable to assume it can do 8,000 a month without them. These potential “various types of content” may also carry higher than average profit margins — in Lai’s view, high enough to raise the company’s gross profit margin from 8% in Q to as high as 12% to 13% as soon as Q3 2020. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.
Earnings and Valuation
The downgrade comes a day after NIO (NIO) reported a wider-than-expected fourth-quarter loss, as vehicle margins contracted sharply, and provided a downbeat first-quarter revenue outlook. Morgan’s Nick Lai “tactical” downgrade of the China-based electric vehicle maker, citing concerns that margins could deteriorate further the company will miss delivery goals. Dojo can open up new addressable markets that “extend well beyond selling vehicles at a fixed price,” Morgan Stanley analysts, led by Adam Jonas, said in a note on Sunday. Now, however, in a note to investors seen by AppleInsider, JP Morgan has dropped its bullish opinion, and also cut the price target by $5, to $230. NIO updated its third quarter 2023 earnings guidance on Tuesday, August, 29th. The company provided earnings per share (EPS) guidance of for the period.
The company hit a major milestone in mid-2022 by delivering its 218,000th vehicle. “Morgan Money demonstrates innovation as a trading and risk management platform operating across currencies, offering operational efficiency and https://bigbostrade.com/ effective controls, securely and across time zones,” says Wang. Cash segmentation and adopting two different money market strategies (both subject to stringent credit quality frameworks) have positioned NIO to meet these needs.
NIO
It’s also a “pioneer among Chinese EV peers leading a business model transformation from a conventional carmaker to a combination of smart mobility provider with business monetization opportunity.” Chinese electric car manufacturer NIO Limited (NIO) just may be one of the hottest stocks in an already overheated stock market. In the past 52 weeks alone, NIO stock has gained 2,138%, and according to J.P. On Thursday, the stock had fallen as much as 5.9% to an intraday low of $8.31, the lowest price seen since July 2020, but bounced back to close up 2.9% at $9.09, amid a broad rally in the U.S.’s and China’s stock markets. Tesla Inc.’s Dojo supercomputer could power a near $600 billion jump in the automaker’s market value by boosting the adoption of robotaxis and its software services, Morgan Stanley analysts said. Indeed, major energy buyer China has been using the yuan for almost all the Russian oil it bought over the past year, Reuters reported in May, citing multiple trading executives with direct knowledge of the matter.
According to analysts, NIO’s stock has a predicted upside of 18.70% based on their 12-month price targets. The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in
the table as changes in names. In addition to descriptive data, performance of the investment
is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use
that to calculate gross profit.
And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Lai cut his rating to neutral, after being at overweight since October 2020. Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that’s vital to your business. Tesla has been mentioning how Dojo gives it an edge in AI and self-driving technology since at least 2021.
Battery swapping opens the door not only to long-term customer relationships via battery-swapping plans, otherwise known as BaaS or battery-as-a-service but also to the ability to sell cars without a battery which greatly reduces the price point. The company announced the opening of its 1,000th swapping station in China in the summer of 2022 and was on track at the time to begin expanding outside of China. This is referencing a brighter tomorrow brought about by revolutionary technology in EV and battery technology. NIO Inc recognizes batteries are the most expensive part of the EV and that charging is the most restrictive. To combat both problems the company designs its cars so the batteries are easily removable which factors into the long-term plans. NIO Inc is also building out a network of battery-swapping stations that will allow drivers to pull in and swap a dead battery for a fully charged one.
And while JPMorgan now expects “marginal de-dollarization,” to take place, the pace is not expected to be rapid. This is because the dollar is just too widely used in a vast global financial ecosystem. This trend is because more oil is now being transacted in non-dollar currencies, JPMorgan said in its report, such as the Chinese yuan. The low in this September move down is likely to fall on the 25th. Expanding the scope of the analysis into October, the overall low for the month and the year has been in the last week of the month. Twelve South’s AirFly Pro helps make your in-flight listening experiences much better, provided you don’t lose the device on those hectic travel days.
