Nio Analyst Sees Tougher Path To Profitability, Downgrades EV Maker To Sell: What You Need To Know
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Nio Inc (NYSE:NIO) shares are trading lower. Goldman Sachs on Monday downgraded the EV maker to Sell and cut the price target. Here’s a look at what you need to know.
What To Know: Goldman Sachs analyst Tina Hou downgraded Nio from Neutral to Sell and lowered the price target from $4.80 to $3.90 citing competitive pressures and a difficult path to profitability ahead.
The Goldman analyst believes Nio is unfavorably positioned heading into 2025 given the slow production ramp of Onvo and the company’s limited new model pipeline. Nio is expected to launch one …
Full story available on Benzinga.com
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