NIO Stock: $64 Target Reiterated By Morgan Stanley

By Amit Chowdhry ● May 8, 2021
  • The shares of Nio Inc (NYSE: NIO) have received a reiterated price target of $64 by Morgan Stanley. These are the details.

The shares of Nio Inc (NYSE: NIO) have received a reiterated price target of $64 by Morgan Stanley. And Morgan Stanley analyst Tim Hsiao is maintaining an “Overweight” rating on the shares.

Hsiao had cited NIO’s report of 7,102 deliveries in the month of April and the company is on track to achieve a guidance of 21,000-22,000 delivery target for the second quarter.

NIO had received a boost in promotion at the Shanghai Auto Show and the order intake for the company steadily increased in March and April. 

This healthy demand could enable NIO to have greater operating flexibility for more active promotion and marketing.

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