Mizuho Securities lowered the target on Nio Inc. to $60 from $65, and maintained the Buy rating on the company’s stock price.
Nomura also cut their target on the EV maker’s stock to $51.50 from $67.10, and maintained the Buy rating.
Based on the NIO Inc stock forecasts from 13 analysts, the average analyst target price for NIO Inc is USD 50.11 over the next 12 months. NIO Inc’s average analyst rating is a Buy. Stock Target Advisor’s own stock analysis of NIO Inc is Bearish, which is based on 1 positive signals and 3 negative signals. At the last closing, NIO Inc’s stock price was USD 19.91. NIO Inc’s stock price has changed by -0.95% over the past week, -1.03% over the past month and -44.89% over the last year.
What we like:
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
What we don’t like:
Low market capitalization
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
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