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 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 […]
