NIO (NIO) Stock Receives $18 Price Target

By Amit Chowdhry ● Nov 22, 2022
  • The shares of NIO (NIO) recently received an $18 price target. These are the details.

The shares of NIO (NIO) recently received an $18 price target.

Price target: $18

Rating: Overweight

Analyst firm: Barclays

Barclays analysts adjusted the rating while continuing to believe that NIO broadly executed well in its product portfolio expansion and upgrades in manufacturing capacity. But the analysts are concerned about elevated expenses, which they believe could linger longer than expected.