We estimate NIO’s 2023 volume growth at 79%, stronger than our growth forecast for China’s EV market (37%)”ĬitiGroup analyst Jeff Chung is one of the more optimistic with a target of $87 for the year. To give you an idea of where NIO could go, we have compiled some analysts' price predictions on NIO.Īccording to HSBC analyst Yuqian Ding, NIO could end 2023 at $54. It is not surprising that NIO has a strong buy rating of 1.8. NIO's strong Q3 2023 results that showed a sharp increase in vehicle deliveries could play well into its value growth. This indicates that if the market price rises in all the present uncertainties, NIO could see a rebound in the coming months and years. That’s an indicator that after close to 2-years in the red, NIO is getting oversold. However, it is notable that it is now trading close to a 2-year support level at $6.15. The drop has been so steep that NIO is currently trading at a low of $9.23. NIO has been on a downtrend since February 2021. Source: TradingView NIO Technical Analysis The geopolitical issues of 2020, coupled with rising global inflation, have impacted NIO and many other stocks. However, it has since been on a downtrend. Like most stocks, in recent times, NIO had its best time in 2020. NIO Lowest Price: NIO hit an all-time low of $1.51 in October 2019.NIO Highest Price: NIO hit an all-time high of $62.84 in February 2021.NIO Price at inception: NIO started trading in September 2018 and, at the time, was priced at $5.3.Of course, you also have to take a keen look at the fundamentals as they have a huge role to play in the price going into the future. This can give you an idea of whether you are buying high or low. To make an informed decision when investing in the stock market, it is always important to look at its price history. This could play into its revenues and value growth over time. With the increased decoupling between the US and China, the odds are that NIO Inc could play a more important role in the Chinese market relative to foreign competitors. ![]() As such, there are huge expectations that NIO's stock price will increase as the demand for electric vehicles grows in China. NIO is heavily focused on the Chinese electric car market, one of the largest EV markets in the world. One of the main reasons it constantly makes it to the list of high-potential stocks to buy now is its core market. NIO Inc is often taunted as the Tesla of the electric car market. Other notable NIO Inc competitors are as below: NIO Inc is expected to be one of the biggest competitors to top electric car manufacturers like Tesla ( TSLA) going into the future. ![]() At the same time, the company is involved in the production of charging solutions and other aspects of the electric car value chain. The company is involved in everything from the design to the production of a wide array of electric cars, especially electric SUVs. NIO Inc is an electric car company that is based in Shanghai, China. This gives investors a broader sense of the overall sentiment for that stock.If you want to invest in NIO fast and easily, check out the eToro Exchange. ![]() The average rating of each individual analyst’s rating is the consensus rating for a stock. The opposite is true when a stock receives a downgrade. It could also mean they believe the market is underestimating the company’s potential. When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. the S&P 500).Īny of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.Īny of these ratings suggest that an analyst believes the stock is likely to underperform a market index. The standard analyst ratings are generally as follows:Īny of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months. This card shows analyst upgrades/downgrades for PYPL / PayPal Holdings Inc.
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