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Should You Buy the Dip in Nio Stock for 2024?

TheMotleyFool

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Should You Buy the Dip in Nio Stock for 2024?: https://g.foolcdn.com/editorial/images/758821/car-factory-assembly-line.jpg

Fool.com contributor Parkev Tatevosian reviews 's (NYSE: NIO) progress in 2023 while answering if the electric vehicle stock is an excellent buy for long-term investors in 2024.

*Stock prices used were the afternoon prices of Dec. 17, 2023. The video was published on Dec. 19, 2023.

Source Fool.com

NIO Inc. Stock

NIO Inc. dominated the market today, gaining €0.14 (3.060%).
Currently there is a rather positive sentiment for NIO Inc. with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 5 € shows a slightly positive potential of 9.87% compared to the current price of 4.55 € for NIO Inc..

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