Mizuho lowered the firm’s price target on Nio (NIO) to $3.50 from $4 and keeps a Neutral rating on the shares. Nio reported March quarter results and deliveries of 73.5K units, above the 69.9K consensus and up 75% quarter over quarter, the analyst tells investors in a research note. While China competition remains strong, the firm says June quarter deliveries guidance is stronger with 2025 model year refreshes and Onvo and Firefly continuing to ramp, while gross margin is expected to improve with new model launches. Mizuho sees Nio as fairly valued.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NIO:
- NIO Earnings: NIO Still Can’t Turn Deliveries Into Dollars
- Unusually active option classes on open June 3rd
- Morning Movers: Signet Jewelers and Dollar General surge following Q1 results
- China’s Xiaomi (XIACF) Optimistic About EV Business Turning Profitable in H2 2025
- NIO Earnings: Nio Disappoints with Wider Q1 Loss and Sales Miss