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A number of other equities analysts have also weighed in on the company. Jefferies Financial Group started coverage on NIO in a research note on Tuesday, January 19th. They set a "hold" rating and a $60.00 target price on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded NIO from a "buy" rating to a "neutral" rating and increased their price target for the stock from $46.40 to $68.30 in a research report on Tuesday, January 12th. The Goldman Sachs Group raised NIO from a "sell" rating to a "neutral" rating and increased their price target for the stock from $7.70 to $59.00 in a research report on Tuesday, December 1st. Bank of America increased their price target on NIO from $59.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, January 11th. Finally, JPMorgan Chase & Co. raised their target price on NIO from $50.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, January 11th.
A number of other equities analysts have also weighed in on the company. Jefferies Financial Group started coverage on NIO in a research note on Tuesday, January 19th. They set a "hold" rating and a $60.00 target price on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded NIO from a "buy" rating to a "neutral" rating and increased their price target for the stock from $46.40 to $68.30 in a research report on Tuesday, January 12th. The Goldman Sachs Group raised NIO from a "sell" rating to a "neutral" rating and increased their price target for the stock from $7.70 to $59.00 in a research report on Tuesday, December 1st. Bank of America increased their price target on NIO from $59.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, January 11th. Finally, JPMorgan Chase & Co. raised their target price on NIO from $50.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, January 11th.