Nio Limited (NIO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Nio Limited (NYSE:NIO) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $7.80.

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of NIO in a research report on Tuesday. They set a “neutral” rating on the stock. Morgan Stanley assumed coverage on shares of NIO in a research report on Monday. They set a “buy” rating and a $9.00 target price on the stock. Wolfe Research assumed coverage on shares of NIO in a research report on Monday. They set an “outperform” rating and a $8.00 target price on the stock. Goldman Sachs Group assumed coverage on shares of NIO in a research report on Monday. They set a “neutral” rating on the stock. Finally, Deutsche Bank assumed coverage on shares of NIO in a research report on Monday. They set a “buy” rating and a $10.00 target price on the stock.

Shares of NYSE NIO opened at $6.04 on Tuesday. NIO has a 12-month low of $5.35 and a 12-month high of $13.80.

NIO Company Profile

NIO LIMITED manufactures and markets electric vehicles. The company offers electric cars under EP9, EVE, and ES8 brand names. The company was formerly known as NextEV Limited. NIO LIMITED was founded in 2014 and is headquartered in Shanghai, China with additional offices in San Jose, California; Munich, Germany; and London, United Kingdom.

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Analyst Recommendations for NIO (NYSE:NIO)

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