The stocks of NIO have been given a price target of $38.80, which was decreased from a previous sum of $60, by researchers at Jefferies Financial Group. The company has a price rating of hold as set by the brokerage firm. The price target set by the brokerage on NIO indicates an annual growth rate of about 1.81%.
The Stock Commentary of NIO
There have been quite a few research firms that have commented on the stocks of NIO. Smith Barney Citigroup has already reaffirmed their previous price rating of neutral, which they published in a 12th January research note. HSBC has given the company a price target of $54 after it was previously at a sum of $44.70. The company has also been given a rating of hold.
The Bank of America has increased the price target of the company from $59 to $70, along with a price rating of buy which was reported in an 11th January research note. The Deutsche Bank has also increased the price target of the company, raising it from $34 to $50, along with a buy rating set on it on the 19th of November. In the end, Nomura Instinet gave the stocks of NIO a rating of buy, with an $80.30 price target.
One of the investment analysts has given the stocks of NIO a price rating of sell, while seven of them have given it a rating of hold. Ten analysts have issued the company a buy rating. The price rating of the company is buy, with a $47.29 price target.
The stocks of NIO traded on Monday at $38.11. The moving average price of the company over 50-days is $55.60, while the moving average price of the company over 200 days is $39.63. The year low of the company is $2.11, while the year high of the company is $66.99. The market cap of the firm is $48.86 billion, with a 2.81 beta.