Hey there financial enthusiasts, are you ready to hear some exciting news about Chinese EV maker NIO (NYSE:NIO)? Despite the geopolitical tensions and macroeconomic challenges, Wall Street is staying bullish on NIO stock and analysts have given it a consensus price target of $17, which means a whopping 67% potential upside! After a 49% dip in the share price over the last six months, this is music to our ears! Hold on, there’s more – NIO is set to announce its fourth-quarter results on March 1, and while it’s expected to post a net loss per share of $0.26 on revenue of $2.57 billion, it’s still getting a great average brokerage recommendation (ABR) of 1.50, which is between Strong Buy and Buy. Now, some of you might be worried about the recent spy balloon incidents and the tensions between the US and China, but hold your horses, my friends. The geopolitical news has had only a modest negative impact on NIO shares and it’s not likely to affect the stock’s performance much. However, the company is facing some sales challenges at the moment, and there’s a risk of it staying in this slump for the next few months. But don’t lose hope yet – NIO is still one of the most popular EV firms and has a ”Moderate Buy” rating from Wall Street, with 7 Buys and 3 Holds. While Tesla (NASDAQ:TSLA) and NIO (NASDAQ:NIO) are both big players in the EV market, NIO stock seems to be the winner in terms of estimated upside potential, with a whopping 67% compared to Tesla’s 2.8% downside potential. So, if you’re looking to invest in the electrification of cars trend, NIO stock might just be the stock for you!
#stocks #niostock #nio
Join this channel to get access to perks:
FREE MONEY:
1 Free Robinhood stock:
Get 2 Free stocks with Webull when you invest $100 on your first deposit
Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
SOURCES:
