NIO Stock (NIO): $66 Price Target From Morgan Stanley

By Amit Chowdhry ● Dec 26, 2021
  • The shares of NIO Inc (NYSE: NIO) have received a $66 price target from Morgan Stanley. These are the details.

The shares of NIO Inc (NYSE: NIO) have received a $66 price target from Morgan Stanley. And Morgan Stanley analyst Tim Hsiao assigned the company an “Overweight” rating.

Hsiao called NIO’s 2021 “NIO Day” event on December 18 a successful event where the company introduced the ET7, which is set to begin deliveries on March 28. And the ET5 mid-sized sedan is scheduled to hit the market next September. 

But while Hsiao thinks the company’s risk-reward is attractive, it will take more positive catalysts regarding NIO’s monthly sales resurgence, face-lifts of the existing models, and an operational breakthrough in the next few months to send the stock higher given the view that the market might be expecting more to follow. And investor expectations were also raised ahead of NIO Day. 

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