NIO-SW (09866) shares surged 5.54% in early trading on Tuesday, following Citi's issuance of a 30-day positive "catalyst watch" on the Chinese electric vehicle maker. The bullish outlook is driven by expectations of robust second-quarter shipments and an accelerated product launch timeline.
Citi analyst Jeff Chung anticipates NIO's Q2 deliveries to exceed 63,000 vehicles, marking a 50% increase from the previous quarter and potentially setting a new company record. This optimistic forecast is attributed to the strength of NIO's new product offerings and the company's aggressive expansion plans.
Adding to the positive sentiment, Chung revealed that NIO is expected to launch up to 10 new models before the end of the year, significantly earlier than market consensus. Furthermore, the company plans to introduce new driver-assistance features in May and is actively working on cost reduction strategies. These factors have contributed to Citi maintaining a "Buy" rating on NIO stock with a price target of $8.10 for its American depository receipts (ADRs).
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。