NIO Stock Hits Rough Week, But One Analyst Says Buy the Dip – Here’s Why
TLDR
- NIO fell about 5% for the week, closing at $4.52, near its 52-week low of $4.37
- Morningstar sets a $6.50 fair value target, implying 44% upside, with a four-star rating
- Morningstar forecasts NIO’s first profitable year in 2027, with 2.5 billion yuan in net profit
- Russell Investments cut its NIO position by 81.8% in Q2, selling 828,619 shares
- Goldman Sachs upgraded NIO to “Buy” in July with a $7.00 price target
NIO closed Friday at $4.52, down about 5% for the week, its worst weekly run in three weeks. The stock is hovering just above its 52-week low of $4.37, and sits below both its 50-day moving average of $4.88 and its 200-day moving average of $5.35.
Despite the price slide, Morningstar sees a different picture. The research firm’s $6.50 fair value estimate implies 44% upside from current levels, earning the stock a four-star rating. That said, Morningstar also flags “Very High” uncertainty alongside that call.
Morningstar says NIO has “better delivered on its targets over the past year” compared to its historically inconsistent execution. The firm projects annual deliveries to more than double to around 670,000 vehicles by 2030, up from 326,000 in 2025. Revenue is expected to grow at a 19% compound annual rate over the same period.
… Continue reading the full article at the original source below.
