Analysts Update Their Price Forecasts For NIO Stock
One of the causes for the price drop of electric car maker Nio Inc was the adoption of pandemic limitations in China (NYSE: NIO). Investors were concerned that China’s limitations will worsen an already challenging supply chain position. However, some Wall Streeters are beginning to change their stance on Nio. Bank of America analysts upgraded […]
Nio Inc. (NIO) Stock on the Rise Following Update of May 2021 Deliveries
Nio Inc. (NIO) stock prices were up by 7.59% shortly after the market trading commenced on June 1st, 2021, bringing the price per share up to USD$41.55 early on in the trading day. May 2021 Delivery Report NIO reported having delivered 6711 vehicles in the month of May in the fiscal year 2021, representing a […]
NIO stock makes a strong comeback, what is the outlook?
NIO (NYSE:NIO) shares recovered sharply after Tuesday’s sectorwide sell-off as investors looked ahead to next week’s earnings report. It recently closed at $51.86, fluctuating in a day’s range from $47.7501 to $52.07. Morgan Stanley has an Overweight rating on NIO’s shares and set an $80 price target. NIO stock had taken a beat on Tuesday […]
NIO Stock Skyrocketing After 121% YOY Growth in Vehicle Deliveries
NIO Inc. (NIO) stock is skyrocketing in the premarket after it has released its full-year 2020 delivery results, as well as their December and fourth quarter 2020 delivery results. December 2020 was a solid month for NIO, with 7,007 vehicles delivered, setting a new monthly record of 121.0 percent growth year-over-year. The deliveries included 2009 […]
Looking For The Best Stocks To Buy For 2021? 3 Electric Vehicle Stocks To Watch
The Electric Vehicle companies have been the highlight this year. Elon Musk is leading the EV industry and guiding the future to its new phase. The Electric Vehicle market is growing at an unparalleled speed and there no stopping for the EVs to rule the future automobile world. Elon Musk, who is the pioneer of […]
