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<Research>M Stanley Expects NIO Inc. (NIO.US) Shr Price to Rise in Next 15 Days
Recommend 11 Positive 11 Negative 10 |
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NIO Inc. (NIO.US) spiked 14.4% to close at US$4.85 after announcing its results. Morgan Stanley issued a report believing that NIO Inc.'s share price will rise over the next 15 days, with the probability for the scenario ranging from 70-80%. Morgan Stanley rated NIO Inc. at Overweight, with a target price of US$6.1. Morgan Stanley saw NIO Inc.'s upcoming launch of the L60 on 20 September as a key positive catalyst, as the model has received positive feedback so far. In addition, the Company's 3Q24 gross profit margin should continue its uptrend, while the launch of a new models also supported the continued recovery in sales. AAStocks Financial News |
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