![]() ![]() ![]() Crucially, JP Morgan had noted that NIO would be able to capture 7 percent of the cumulative EV market and a whopping 30 percent of the premium EV segment by 2025. To wit, on the 14th of October, JP Morgan analyst, Nick Lai, set a new June 2021 price target of $40 for NIO shares on the basis of a 3.0x Enterprise Value (EV)-to-Sales estimate for the year 2025. NIO has also received endorsements from the likes of JP Morgan ( NYSE:JPM) and Citi ( NYSE:C). Tim Hsiao, an analyst at Morgan Stanley, based this upgrade on better-than-expected Q3 deliveries, margin upside potential, and an “update of our assumptions behind NIO's vehicle and long-term take rate of NOP”. ![]() Recently, Morgan Stanley ( NYSE:MS) called NIO "a strong EV leader in the making" in its investment note, raising the stock price target to $33 from the original peg at $20.50. Of course, as we’ve noted previously, Wall Street is largely bullish on NIO’s prospects. "Right now, we are looking at a share structure and an investor base that is more interested in spinning a casino wheel." Comparing the company’s stock to a casino wheel, Left observed: Consequently, Citron slapped a $25 stock price target for NIO shares, corresponding to a downside potential of 43.90 percent relative to the current price level of $44.56 per share. The analyst went on to note that NIO faces substantial competition from Tesla ( NASDAQ:TSLA) in China, where the recent discount on the pricing of Model Y is expected to become a headwind for NIO’s ES6 EVs. "NIO has found itself in unchartered territory that can never be justified by its current standing in the China EV market or its near-term prospects." ![]()
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