Stocks Analysis by MarketBeat.com (Ryan Hasson) covering: Nio Inc Class A ADR, Li Auto Inc, Xpeng Inc. Read MarketBeat.com (Ryan Hasson)'s latest article on Investing.com
China's newly announced stimulus measures have sparked a significant rally in EV stocks, with XPeng, Li Auto, and NIO seeing notable gains.Despite steady deliveries and a $1.9 billion cash infusion, NIO lags behind its peers and faces less optimistic analyst ratings.
Tim Hsiao of Morgan Stanley recently reiterated his Buy rating on the stock with an $11.70 price target. Hsiao highlighted the upcoming P7+ model as a potential game-changer for the automaker, particularly due to its spacious interior and advanced smart cockpit features, which are expected to resonate with family users.
Analysts remain bullish on the stock, with a consensus Moderate Buy rating and price targets forecasting over 20% upside. However, Macquarie analysts have recently maintained a more cautious stance, reiterating a Neutral rating with a $33 price target. They pointed out that while Li Auto’s current lineup, especially the L series, continues to perform well, the absence of new model releases for the rest of the year could pose challenges.
This funding will help NIO continue expanding its services and technology as it works to scale in the competitive EV market.
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