Mizuho cuts the target on Nio Inc(NIO:NYE) to $60 from $65

STA Research
by: STA Research

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.

High volatility

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.

 

Disclaimer

Stock Target Advisor is not a broker/dealer, investment advisor, or platform for making stock buying or selling decisions. Our goal is to democratize and simplify financial information through automated analysis, aggregation of stock information, and education to help investors with their research. No content on our site, blogs or newsletters constitutes – or should be understood as constituting – a recommendation to enter into any securities transactions or to engage in any of the investment strategies presented in our site content. We also cannot guarantee the accuracy of any information presented on our site and in our analysis.

Leave a Reply

Your email address will not be published.