Nio Stock No Longer a Sell, According to 1 Wall Street Analyst
Good news for Nio (NYSE: NIO) shareholders! For three long months, investment bank J.P. Morgan said the Chinese electric vehicle (EV) maker's stock was a sell.
But no longer.
On Wednesday, the bank's investment firm relented and removed its sell rating from Nio, upgrading the EV stock to neutral and setting its price target at $5.40 per share. That price implies an upside of just 2% on the current $5.32.
Source Fool.com
NIO Inc. Stock
€3.71
2.400%
Based on 2 Buy predictions and 1 Sell predictions the sentiment towards NIO Inc. is rather balanced.
With a target price of 5 € there is a positive potential of 34.66% for NIO Inc. compared to the current price of 3.71 €.
