Wall Street continues to remain buoyant about Chinese EV maker NIO (NYSE:NIO) despite the ever-changing geopolitical dynamics and presently challenging macroeconomic conditions.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Analysts have assigned the stock a consensus price target of $17, implying a significant 67% potential upside. That’s after a nearly 49% slide in the share price over the last six months.
Further, NIO is also slated to announce its fourth quarter numbers on March 1 and is expected to post a net loss per share of $0.26 on revenue of $2.57 billion for the period. In the year-ago quarter, it had posted a net loss per share of $0.16, missing expectations by $0.13.
In the past year, NIO has outperformed sales expectations 75% of the time!
Read full Disclosure