Our NIO (NYSE:NIO | NIO Price Prediction) call comes after a turbulent month for the Chinese smart EV maker, with shares down 10.4% over the past week and trading at $5.60.
The 24/7 Wall St. price target for NIO is $7.47, implying 33.4% upside over the next 12 months. Our recommendation is buy, with moderate confidence reflecting NIO’s improving fundamentals offset by ongoing GAAP losses.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $5.60 |
| 24/7 Wall St. Price Target | $7.47 |
| Upside | 33.4% |
| Recommendation | BUY |
| Confidence Level | 50% |
A Volatile Run Into a Major Product Cycle
NIO has had a wild ride. Shares are up 42.13% over the past year and 9.8% year to…
