Citigroup: Nio (NIO.US) net profit is expected to face the risk of a sharp decline, with a target price of $6.8

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Citigroup: Nio (NIO.US) net profit is expected to face the risk of a sharp decline, with a target price of $6.8

智通财经2019-12-06

Zhitong Finance APP learned that Citigroup released a research report saying that because Nio (NIO.US) has not yet reached breakeven, the bank gave a target price of US $6.8 in terms of 2.5 xFY19E P/E. Given the company's start-up positioning, the early stage of product delivery, operational risks and risks such as future sales of shares by original investors, and the relatively short history of stock trading (listing in September 2018), its stock is rated as "high risk". Nio released data yesterday, delivering 2,528 vehicles in November (down 18% year-on-year, flat month-on-month), and the delivery volume in the first 11 months of 2019 reached...

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