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NIO Stock Surges 8% on UBS Upgrade and Turnaround Optimism
NIO Stock Surges 8% on UBS Upgrade and Turnaround Optimism
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BTCCSquare news:
NIO shares rallied 8% following a bullish upgrade from UBS analyst Paul Gong, who shifted his rating from Neutral to Buy and raised the price target to $8.50. The MOVE reflects growing confidence in the Chinese EV maker's financial health after a recent $1 billion capital raise and strong demand for its new ES8 and L90 models.
The stock has climbed 84% over three months, signaling a dramatic reversal from earlier concerns over cash burn and competition. Gong attributes the momentum to restored consumer confidence and improved fundamentals—a stark contrast to the company's cumulative losses exceeding Rmb100 billion in recent years.
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