NIO on Catalyst watch, Time to Buy ?
@JC888:
Stock Take. Shares of Chinese EV maker $NIO Inc.(NIO)$ have soared by almost +40% since first week of April 2025. One Wall Street analyst thinks that's just the beginning. Not only that, $Citigroup(C)$, Analyst Jeff Chung believes more moves higher are imminent. As reported by Barron, Chung has in a Sunday (28 Apr 2025) report: Placed NIO on a 30-day positive "catalyst watch". Chung even thinks the stock is worth $8.10 per share. That would represent a more than 100% gain from where it traded at the time of his report. NIO stock to double? Nio delivered about 42,000 EVs in Q1 2025. This is more than +40% YoY increase. (see above) Chung still sees sales growth meaningfully accelerating from here. The new optim