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Citi Raises NIO Price Target to Street-High $8.6 Amid Strong Demand for EV Models
Citi Raises NIO Price Target to Street-High $8.6 Amid Strong Demand for EV Models
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BTCCSquare news:
Citi analyst Jeff Chung has elevated NIO's price target to a record $8.6, forecasting a 21% upside for the electric vehicle maker's stock. The bullish revision follows a 63% year-to-date rally, driven by robust demand for models like the L90 and ES8.
Chung projects 2026-2027 sales of 500,000-571,000 units, citing better-than-expected adoption. Gross margin expectations for 2025-2027 were raised 0.8-2.8 percentage points, reflecting improved scale efficiency and cost controls. The upgrade signals confidence in NIO's ability to sustain momentum in China's competitive EV market.
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