NIO Has Humongous Upside Regardless of Provide Chain Considerations, Excessive Commodity Prices, Analyst Says

• Mizuho analyst Vijay Rakesh maintained a Purchase on NIO Inc (NYSE: NIO) and lower the worth goal to $34 from $40.

• The Tesla Inc (NASDAQ: TSLA) rival reported gentle September quarter income and EPS and guided to weaker December quarter income with deliveries beneath consensus with ~7k manufacturing influence in October.

• Additionally Learn: Warren Buffett’s Berkshire Hathaway Trim Holdings In This Tesla Competitor Once more

• Looking, NIO guided December quarter deliveries beneath consensus with provide chain constraints, battery prices to stay a headwind into C23E, and mannequin ramps with ET5 and Europe a tailwind.

• Whereas the secular electrification pattern stays sturdy and NIO is well-positioned, the inventory has seen headwinds with excessive commodity prices, weaker shopper sentiment, and U.S.-China regulatory considerations.

• B of A Securities analyst Ming Hsun Lee maintained a Purchase and lower the value goal from $16 to $15.

• Value Motion: NIO shares traded larger by 9.62% at $11.34 on the final examine Friday.

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