Online broker Tiger Securities and Australian investment bank Macquarie both raised their price targets on Nio on Wednesday following the EV maker’s second-quarter earnings results under founder and CEO William Li.
Tiger Securities analyst Bo Pei raised the price target on the US-listed Nio shares by 60% while maintaining a ‘Buy’ rating.
In a new research note, Pei wrote that the EV maker’s second half 2025 outlook “is clearly improving with volume acceleration and margin expansion on the back of the Onvo L90 and ES8.”
The L90 was pre-launched in early July sending Nio shares higher after a lower than expected pre-sale price which was then further lowered on the official launch event on July 31.
The brand delivered 10,000 units in the first 29 days becoming one of the fastest models under the group to achieve the threshold.
The analyst added that near-term profitability “remains a work in progress” as the management reaffirms the target of achieving profitability in the last quarter of the year.
Tiger’s analyst raised the price target to $8.00 from $5.00 eyeing the upcoming launches of the L80 five-seat SUV under the Onvo brand and the ES9 and ES7 SUVs under the Nio brand.
“The real upside, however, lies beyond 2025: if the upcoming 2026 models — including Onvo L80, ES9, and ES7 — can replicate the strong reception of the L90 and ES8, Nio could not only sustain its recovery but also materially expand scale and margins.”
Nio’s third-generation ES8, the automaker’s first production model, is set to be officially unveiled later this month at its annual event.
Onvo will not begin deliveries of the L80 until next year, as the company prioritizes scaling production of the L90 and L60, management reiterated on Tuesday’s earnings call.
Looking ahead to 2026, Nio intends to roll out two additional SUVs: the flagship ES9 and a refreshed version of its five-seat ES7.
“Execution on these launches will be critical in determining whether Nio can transition from a turnaround story into a growth compounder,” Pei wrote.
“We are maintaining our BUY rating and increasing PT to $8 (was $5) after NIO reported 2Q results with solid 2H outlook,” the analyst added.
Separately, Macquarie analyst Eugene Hsiao also raised the price target on the Hong Kong-listed Nio shares to HK$53.00 (from HK$44.00) while maintaining the Outperform rating.
In Hong Kong, Nio shares closed 1% higher on Wednesday at HK$51.55 indicating that Macquarie’s target implies a slight upside potential.
Earlier this Wednesday, Mizuho analyst Vijay Rakesh also lifted the firm’s rating and price target on Nio, after “a modestly softer” second quarter revenue and EPS but a strong outlook for the final months of the year.
