NIO Stock Gains Momentum as BofA Raises Price Target After NIO Day
NIO Inc. (NYSE:NIO) is seeing renewed market interest following NIO Day 2025, with Bank of America Securities increasing its price target, although the stock’s performance reflects a complex interplay of factors. This adjustment follows the company’s showcase of advancements in battery swapping technology and new vehicle models.
The markets reacted to NIO’s developments with a current overnight price of $7.19, up 13% in the last five days. This activity underscores the market’s ongoing evaluation of NIO’s prospects.
Bank of America Securities raised its price target for NIO to $7.60 from $7.10, maintaining a ‘Neutral’ rating. The rationale behind this adjustment stems from NIO’s progress in establishing a robust battery swapping…
