Analyst Ming-Hsun Lee from Bank of America Securities reiterated a Hold rating on Nio and increased the price target to $7.60 from $7.10.
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Ming-Hsun Lee has given his Hold rating due to a combination of factors related to Nio’s recent developments and financial outlook. Nio has made significant advancements in its infrastructure, with the establishment of 3,500 power swap stations and a network connecting major highways and city clusters. Additionally, the launch of new models like the third-generation ES8 and the ET9 Horizon edition showcases Nio’s commitment to innovation and competitive positioning in the electric vehicle market.
However, despite these positive developments, Lee maintains a Neutral stance as the expected volume growth and narrowing of losses are already reflected in the current stock valuation. The recent share placement, which raised USD1.16 billion, has also been factored into the analysis, leading to a slight increase in the price objective to USD7.6 per ADS. The anticipated widening of the 2026 non-GAAP net loss and a slight reduction in the 2027 non-GAAP net profit further support the Hold rating, as these financial projections suggest limited upside potential in the near term.
In another report released on September 11, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $5.50 price target.