[ad_1]
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.
| Date | Agency | Motion | From | To |
|---|---|---|---|---|
| Feb 2022 | CLSA | Maintains | Purchase | |
| Feb 2022 | Barclays | Initiates Protection On | Obese | |
| Jan 2022 | Macquarie | Initiates Protection On | Outperform |
View Extra Analyst Rankings for NIO
View the Newest Analyst Rankings
See extra from Benzinga
Do not miss real-time alerts in your shares – be part of Benzinga Professional free of charge! Attempt the software that may make it easier to make investments smarter, sooner, and higher.
© 2022 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
Hey there, gaming enthusiasts! If you're on the hunt for the following popular trend in…
Understanding the Principles Before we get into the nitty-gritty, let's start with the basics. Precisely…
At its core, a vacuum pump is often a device that removes natural gas molecules…
For anyone in Newcastle-under-Lyme, getting around efficiently and comfortably often means relying on a taxi…
Before we get into the nitty-gritty of their benefits, let's first clarify what Modus Carts…
Delta 10 is often a cannabinoid found in trace volumes in the cannabis plant. It…