Mizuho Securities Thinks Nio’s Stock is Going to Recover

In a report released today, Vijay Rakesh from Mizuho Securities maintained a Buy rating on Nio (NIOResearch Report), with a price target of $60.00. The company’s shares closed last Friday at $16.44, close to its 52-week low of $11.67.

According to, Rakesh is a 5-star analyst with an average return of 21.6% and a 58.9% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Allegro MicroSystems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nio with a $40.61 average price target, a 132.1% upside from current levels. In a report issued on May 16, Bank of America Securities also upgraded the stock to Buy with a $26.00 price target.

See the top stocks recommended by analysts >>

Based on Nio’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.9 billion and GAAP net loss of $2.11 billion. In comparison, last year the company earned revenue of $6.64 billion and had a GAAP net loss of $1.39 billion.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 2014, China-based Nio, Inc. designs, jointly manufactures, and sells smart and connected premium electric vehicles in China, Hong Kong, the U.S., the U.K., and Germany. The company also provides comprehensive value-added services and innovative charging solutions to its users, including Power Home, the home charging solution, Power Swap, the innovative battery swapping service, Power Mobile, the mobile charging service through charging trucks, and Power Express, the 24-hour on-demand pick-up and drop-off charging service.

Read More on NIO:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More