NIO Stock Price: $60 Target By Jefferies

NIO Stock Price: $60 Target By Jefferies
  • Shares of Nio Inc (NYSE: NIO) have received a price target of $60 by Jefferies. These are the details.

Shares of Nio Inc (NYSE: NIO) have received a price target of $60 by Jefferies. Jefferies analyst Alexious Lee had initiated coverage of NIO with a “Hold” rating.


Lee said that NIO is China’s icon for the luxury battery-electric vehicle (BEV) market. And Lee noted that investor expectations are high for the company due to the announcement about the new model and the technologies revealed at NIO day.


The $60 price target represents a 2.84% upside to the closing price of NIO today.


Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.