JPMorgan downgraded Nio (NIO) to Neutral from Overweight with a price target of $4.70, down from $7. The company’s high-end ET9 sedan should help support margins, but its volume contribution could be limited given a relatively smaller addressable market, the analyst tells investors in a research note. JPMorgan cites its relatively more conservative view on Nio versus the consensus for the downgrade. In 2025, the company’s earnings delivery will again play an integral role in the stock’s performance, and JPMorgan revised down revenue and earnings estimates, the analyst says.
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
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NIO:
- Nio downgraded to Neutral from Overweight at JPMorgan
- Charged: Tesla quarter falls short, Chinese rivals report deliveries
- NIO Inc. Reports Strong January 2025 Vehicle Deliveries
- XPeng Outpaces EV Rivals Nio and Li Auto with Solid January Deliveries
- Nio reports January deliveries up 37.9% to 13,863 vehicles