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Analyst Downgrades NIO Stock Amid Mixed Q2 Results and Margin Pressures
Analyst Downgrades NIO Stock Amid Mixed Q2 Results and Margin Pressures
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BTCCSquare news:
Chinese electric vehicle Maker NIO reported mixed second-quarter results, with revenue reaching $2.65 billion—a 9% year-over-year increase but below the $2.73 billion consensus estimate. Adjusted earnings per ADS slightly exceeded expectations at $0.32 versus $0.31 forecasted. Vehicle deliveries surged 25.6% to 72,056 units, driven by the new FIREFLY sub-brand.
Freedom Broker analyst Dmitriy Pozdnyakov downgraded NIO to Hold from Buy, citing near-term upside limitations despite raising the price target to $6.50 from $4.90. Margin pressures emerged as refreshed models reduced average selling prices, offsetting delivery growth. The company projects Q3 deliveries of 87,000–91,000 vehicles (41–47% growth) and revenue of $3.04–$3.19 billion.
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