NIO: Growth Is Set To Accelerate
Summary
NIO’s delivery growth in July accelerated over the previous month.
Because of this strong start to Q3, I am updating my FY 2021 delivery estimate.
As the semiconductor supply shortage eases,
NIO’s delivery growth should further accelerate. Nio has received 6 positive analyst reviews for a unanimous Strong Buy consensus rating. The average NIO price target of $64.50 implies 43.1% upside potential to current levels.
Based on valuation and estimated sales growth, NIO is a buy.
Let’s finish baseing this , up into earnings , got a good feeling$NIO Inc.(NIO)$
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