Al Root
Shares of Chinese electric vehicle maker NIO rose early Friday after catching an upgrade from HSBC.
The broker raised its rating to Buy from Hold, citing improving vehicle volume growth in 2026 as new models roll out.
NIO plans to launch or refresh up to 10 models this year across its NIO, ONVO, and FIREFLY brands. NIO delivered 326,028 cars in 2025, up 47% year over year.
HSBC raised its price target to $6.80 from $4.80, according to FactSet. Barron's has not seen a copy of the report.
NIO stock was up 5.5% at $5.84 in early trading, while the S&P 500 and Dow Jones Industrial Average were both up about 0.9%.
The gains have left NIO stock up about 15% year to date and up 24% over the past 12 months.
With the upgrade, 62% of analysts covering NIO shares rate them Buy, according to FactSet. The average Buy-rating ratio for stocks in the S&P 500 is currently about 59%. The average analyst price target for NIO stock is about $6.80 a share, roughly in line with HSBC's target.
Write to Al Root at allen.root@dowjones.com
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(END) Dow Jones Newswires
March 13, 2026 11:32 ET (15:32 GMT)
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