NIO Stock: $50 Target By CLSA

By Amit Chowdhry ● April 24, 2021
  • The shares of NIO Inc (NYSE: NIO) have received a $50 price target by CLSA. These are the details.

The shares of NIO Inc (NYSE: NIO) have received a $50 price target by CLSA. And CLSA analyst Soobin Park had initiated coverage of NIO with a “Buy” rating.

Park noted that after NIO established itself as a premium electric SUV company in China, the company is now planning to move into the sedan market. And Park believes that NIO’s entrance into the European EV market as feasible.

Even though charging and price is remaining the main barriers to mass adoption of EVs, Park believes that NIO’s battery-as-a-service subscription model can be a real game-changer.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.