- 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.
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