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Nomura: Maintains Buy Rating on NIO, Cites Need for More Popular Models to Support Sales
17 hour ago /
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Author：小编
On May 22, Nomura analysts noted in a report that NIO needs to launch more popular models to boost sales, market share, and profit margins. Investors will focus on the performance of NIO ES9's launch next Wednesday. Given the positive customer feedback from ES9's pre-sale data, Nomura remains optimistic about NIO, expecting improved delivery volumes and financial results in the second half of this year compared to the first half. NIO plans to launch a five-seat version of the ES8 in the second half of the year and will introduce three to five new models annually in the coming years. Nomura maintains a Buy rating on NIO with a target price of $8.6, while the stock's American Depositary Receipt closed at $5.60 yesterday.
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