BofA raised the firm’s price target on Nio (NIO) to $7.10 from $5 and keeps a Neutral rating on the shares after the company’s Q2 non-GAAP net loss came in better than BofA forecast. The firm expects 2025 and 2026 non-GAAP net loss to narrow by 7% and 50% versus its previous estimates and forecasts 2027 adjusted profit to turn positive, the analyst tells investors in a post-earnings note.
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Read More on NIO:
- Nio’s Market Challenges and Growth Prospects: A Hold Rating Amidst Revenue Shortfalls and Competitive Pressures
- Nio price target raised to $6 from $3.50 at Mizuho
- Nio’s Promising Q4 2025 Outlook and Strategic Growth Plan Make It an Attractive Buy
- Nio Stock Gets a Price Target Boost from Top Analyst Post Q2 Earnings
- Nio’s Promising Model Launches and Growth Outlook Balanced by Valuation Concerns: Hold Rating Reaffirmed