NIO Stock: $70 Target By Deutsche Bank

By Amit Chowdhry ● April 19, 2021
  • The shares of Nio Inc (NYSE: NIO) have received a price target of $70 by Deutsche Bank. These are the details.

The shares of Nio Inc (NYSE: NIO) have received a price target of $70 by Deutsche Bank. And Deutsche Bank analyst Edison Yu rated NIO with a “Buy” rating.

In a research report, Yu wrote that every major technology company is “now planning to build at least some part of the electric vehicle.” For example, Yu pointed out that Baidu, Foxconn, Huawei, and Xiamoni are among several companies getting into the Chinese electric vehicle market.

Along with NIO, Yu also cited Xpeng and Li Auto as being long-term winners. Yu gave Xpeng a “Buy” rating and a $48 target. And he assigned Li Auto a “Hold” rating and a $32 target.

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