NIO stock Buy and has a $70 price target for shares

2021-09-03

Citigroup analyst Jeff Chung focused on the potential bounce back in his Wednesday research report reacting to the numbers. He rates NIO stock Buy and has a $70 price target for shares.

If there is a silver lining for investors, it’s that NIO’s guidance implies about 9,000 vehicles delivered in September. That means it expects production and deliveries to bounce back.$NIO Inc.(NIO)$

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