Reported 2 days ago
A Wall Street analyst, Jeff Chung of Citigroup, has placed Nio (NYSE: NIO) on a 30-day 'catalyst watch', predicting record growth for the electric vehicle manufacturer following a successful showing at the Shanghai Auto Show. With anticipated new model launches and strong initial 2025 sales figures, he estimates Nio's stock could rise to $8.10 per share, representing over a 100% increase. Despite the positive outlook, investors should remain cautious about immediate returns.
Source: YAHOO