Bank of America Raises Estimates on Nio Following Strong Delivery Growth

Investing.com2023-08-17

Bank of America reiterated a Buy rating on Nio and raised their 12-month price target on the stock to $16.20 (From $15.40) after the electric vehicle maker reported its monthly deliveries numbers.NIO ...

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Comments

Barbarazhao
2023-08-17
Barbarazhao
Good news indeed
FGP
2023-08-17
FGP
Hold hold for price jump $20 $30 $40......
Merdeka1981
2023-08-17
Merdeka1981
The swings for Nio are just WILD!
Gerardngo
2023-08-17
Gerardngo
They know what's cooking behind the scene 😉

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(NYSE: NIO) and raised their 12-month price target on the ...(Premium-only article. Please sign in or upgrade to SI Premium to view.)","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIO.SI":"蔚来","09866":"蔚来-SW","NIO":"蔚来"},"translate_title":"美国银行在交付强劲增长后上调蔚来预期","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIO":1,"09866":0.6,"NIO.SI":0.6},"content_text":"Bank of America reiterated a Buy rating on Nio and raised their 12-month price target on the stock to $16.20 (From $15.40) after the electric vehicle maker reported its monthly deliveries numbers.NIO recorded a significant increase in deliveries in July, with 20.5k units, marking a remarkable growth of 104% compared to the previous year and an impressive 91% increase compared to the previous month. Notably, the new ES6 model contributed significantly to this achievement by surpassing 10k units in deliveries during the same month. 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