Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on NIO and set a price target of $65.00. The company’s shares closed last Tuesday at $31.58, representing a 106% upside from the current levels. According to TipRanks, Rakesh is a top 25 analyst with an average return of 34.1% and a 74.5% success rate.
On January 2th, Morgan Stanley Reiterated Overweight Rating on NIO and $66 Price Target. The EV company has many other between $60 and $87 for the next 12-months. Bank of America ($65), Morgan Stanley ($66), Deutsche bank and JP Morgan ($70), Credit Suisse ($83), and CitiGroup ($87) are some of the Bullish Ratings NIO received recently.
Last November, the Analyst reiterated a Buy rating and a $65.00 per share price target enhancing “a big year” for the company’s growth plans. Several positive catalysts in 2022 include:
“1) 3 new vehicle model launches, and we believe including higher-volume, lower-priced ET5 sedan, 2) tripling production capacity from 400/day year-end 2021 to 1,200/day exiting 2022, 3) accelerated EU ramp with five additional markets, and 4) new tech launches with NT2.0 and 150kWh solid-state battery,” Rakesh said in a client note.
The company’s CFO said Nio is seeking to hit5-15% market share in its addressable auto segments, which mostly consists of different types of EV SUVs.
Nio has an analyst consensus of Strong Buy, with a price target consensus of $61.86, implying an 85.5% upside from current levels. In a report issued on December 20, Morgan Stanley also maintained a Buy rating on the stock.
NIO announced yesterday the December 2021 Deliveries numbers of 10,489 vehicles – up 49.7% Year over Year – and the second month in a row above 10k.
On December 30th, NIO had a +14% rise and was the most traded stock of the Market with 130.37 Million of shares traded – the highest Volume on a day since March 26th and one of the best days of 2021. It’s more than twice the 50.2M that change hands on a typical day.
Mizuho’s Analyst also raised the Price Target on TESLA to $1,300 per share from the prior $950.