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<Research>Citi Rates NIO (NIO.US) at Buy; 1Q Rev. Guidance Aggressive
Recommend 1 Positive 3 Negative 2 |
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NIO-SW (09866.HK) has issued strong revenue guidance for 1Q26, expecting a YoY growth of 103-109%, implying that the car sales in March alone will reach 35,000 units, according to a Citi research report. Assuming other revenue for 1Q26 is RMB2.95 billion, this suggests that even if car sales decline by 33% QoQ, the average price will still increase by 5.7%. Citi has set its target price for NIO (NIO.US) at USD6.2, with a rating of Buy. AAStocks Financial News |
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