NIO (NIO) Stock Could Hit $21: Analyst

By Amit Chowdhry ● Dec 2, 2022
  • The shares of NIO (NYSE: NIO) could potentially hit $21 according to analysts at Deutsche Bank. These are the details.

Recently, Deutsche Bank analysts assigned NIO a price target of $21 along with a buy rating.

The Deutsche Bank analysts updated their rating while pointing out that NIO is continuing to frustrate investors with another round of operational issues that are holding back the volume in the fourth quarter.

But the analysts are optimistic that the worse may finally be over. And this research is further supported by the Chinese government’s gradual pivot away from COVID zero.

Overview

Price target: Increased from $20 to $21

Rating: Buy

Analyst firm: Deutsche Bank