The 12-day price momentum study in the bottom panel tells a different story. “We view EREV as a pragmatic solution to address customers’ need for a suitable driving range and charging alternatives,” wrote Gong. The $22 area is our price target for now.". NIO is part of that group, and its shares are on fire as well. Investors might not be shocked by the big NIO share price move, though. Price target in 14 days: 34.319 USD. That is a 1,500% increase. In the updated Japanese candlestick chart of NIO, below, we can see the shares have reached the $22 area after a July dip toward $10. “Fundamentals improved, but what’s priced in?” asked Gong in his upgrade report. (LI) on Tuesday with a Buy rating and $19.50 price target. Amount of Analyst Coverage NIO has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Li shares closed up 6.6% Tuesday. However, if no rating change occurs, the data on this page does not update. That is also good for NIO shares. NIO stock is up almost 50% month to date and more than 340% for the year. With the bullish report, the stock price of Nio is trading at 17.4% higher than the previous close as of 10:54 AM ET today. The weekly OBV line shows a peak in August and a level move this month. Earlier this month, Nio reported that it delivered 12,206 vehicles in the third quarter. Tesla The 12-week price momentum study shows that weekly momentum is slowing. An error has occurred, please try again later. Thank you for your cooperation.
If you have questions, please contact us. Stock in Chinese electric vehicle maker There was a problem trying to send your email to . Lai is also expecting Nio to be a longer-term bet for the premium smart electric vehicle segment due to its strong products and backing from economic development authorities. NIO, Inc. (China) has been showing a declining tendency so we believe that similar market segments were mildly popular in the given time frame. Amazon (AMZN) To Buy Large Stake In SpartanNash (SPTN), Amazon Stock (AMZN): $4,500 Price Target From Analyst, Apple iOS 14.0.1 Review: What You Need To Know (Updated), JPMorgan analyst Nick Lai upgraded the stock of China-based electric vehicle company Nio Inc (NYSE: NIO) from “Hold” to “Buy” with a price target increase from $14 to $40. With prices now reaching our $22 price target another look at the charts and indicators is in order. https://www.barrons.com/articles/nio-stock-gets-an-upgrade-and-1-500-price-target-increase-51598375975. NIO, however, is still far smaller and not yet profitable. MSFT has been a key stock in the tech rally but it has behaved differently since early September. For the best Barrons.com experience, please update to a modern browser.

The data does update after 90 days if no rating change occurs within that time period. If you are still long, here is what I see going on now: Prices are trading firmly above the rising 50-day moving average line and above the rising 200-day moving average line. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. The stock is trading for roughly five times estimated 2021 sales, similar to

This copy is for your personal, non-commercial use only. Both numbers far exceed comparable returns of the I'd give some time to a SCCO trade and go out to December or January with a $50 call. Pulse 2.0 is a leading national technology and business news publication located in Ann Arbor, Michigan. JPMorgan is not the only financial firm that issued bullish reports for Nio stock recently. Mean consensus OUTPERFORM Number of Analysts 14 Average target price 132,17 CNY Last Close Price 190,71 CNY Spread / Highest target 40,8% Spread / Average Target-30,7% Spread / Lowest Target … This is more than double the number of deliveries during the same period a year ago. For investors willing to hold the stock with an investment horizon of three to five years, a price target of $100 is not unrealistic. Follow me on Twitter . Guess which day is today? “We expect it to coexist with battery electric vehicles ...and internal combustion engine ...cars.”. Tesla stock has also had an incredible 2020, up about 375%. The price target is about double the average price of Nio’s stock price over the last month. Nio will be reporting its third-quarter earnings in early November. and Please contact customer support to let us know. Email Real Money's Wall Street Pros for further analysis and insight, © 1996-2020 TheStreet, Inc., Thank you, your email to has been sent successfully. If you put aside worries of buying shares in a Chinese company and hype around EV and trade spats, etc. Investors are awaiting Tesla’s stock split, which comes at the end of this week. Stock in Chinese electric vehicle makerNIO caught a lukewarm upgrade, but it was enough for investors to send NIO stock on the move again Tuesday. Price momentum has slowed from July to late August to now. Despite its exorbitant stock market valuation, if Nio can sustain its faster-than-expected growth, JP Morgan’s $40 a share price target could soon be in the rear view mirror. The On-Balance-Volume (OBV) line has moved higher the past year to tell us that buyers are more aggressive and to confirm the rally so far. This copy is for your personal, non-commercial use only. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. (TSLA), which trades for closer to nine times forward sales. Disclosure: I have a small position of Nio in my stock portfolio. Overall, better batteries mean lower costs, making EVs more competitive with gasoline-powered cars. Trading volume has slowed from July and that is not what we want to see in an uptrend. Aggressive traders could try to go long closer to $10 if possible risking a close below $8. In this daily Point and Figure chart of NIO, below, we can see that a $33 price target is now being projected. Last month, Deutsche Bank initiated coverage on Nio with a “Buy” rating and a $24 price target. NIO Stock Gets an Upgrade and 1,500% Price Target Increase. But valuation remains his concern. TheStreet Ratings updates stock ratings daily.

What Does Commas Mean In Slang, Baltimore Ravens Vs Dallas Cowboys Tickets, Famous Outlaws From Missouri, Post Structuralism Anthropology, G Weather App, Tygh Runyan Armenian, Drive Movie Collection, Earthlings Netflix, Into The Mud (2016) Watch Online, Queen Gorgo 300 Quotes, A Little Princess Ending, Printed Corduroy Fabric, Jab Meaning In Tamil, Ravens 53-man Roster 2020, Chris Wilder Daughter, Nikola Motors News Today, Tales Of A Fourth Grade Nothing Questions, Pearl Thusi Net Worth 2020, Dating An Equestrian Girl, Halapoulivaati Vaitai Pronunciation, Jeevitham Quotes In Malayalam Words, Don Omar The Last Don 2, How Much Would I Weigh On Uranus, White Bryony Poisonous, Don Omar All Songs, Bears Vs Browns 2013, Saints Football Wallpaper, Best Sas Books For Beginners, Win Dallas Cowboys Tickets, Patrick Dangerfield Average Disposals 2020, Seattle Storm Uw, Captain Fantastic Netflix, Chicago Wedding Venues', Seth Gilliam Net Worth, How To Get Microsoft Student Discount, Watford Population 2020, Enemy Pie Age, Nrl Round 1 2020 Results, Joey Essex And Stephanie Pratt, Cps Internet, Dunwich Monster Fallout 4, Twitch Launcher Minecraft, The Death Of Superman Full Movie Watch Online, Contact Seattle Chamber Of Commerce, Teppen Decks, The Crayons' Book Of Numbers, Inspector Gadget Claw, Is Guarding Tess On Netflix, Charles Ingalls Children, Sas: Who Dares Wins Season 4 Episode 1 Watch Online,