NIO Stock (NIO): $54 Price Target From HSBC

By Amit Chowdhry ● Updated January 14, 2022
  • The shares of NIO Inc. (NYSE: NIO) have received a $54 price target from HSBC. These are the details.

The shares of NIO Inc. (NYSE: NIO) have received a $54 price target from HSBC. And HSBC analyst Yuqian Ding increased the price target on NIO to $54 from $53 while maintaining a “Buy” rating on the shares.

Ding adjusted the rating after the company had reported deliveries of 10,489 units in December that were up 50% year-over-year and announced new models for 2022 at the recent NIO Day event.

And Ding expects more new models in 2022 — which should help to boost hyper-EV market volume growth.

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