BofA Securities raised its price target on Nio Inc. (NYSE:NIO) to $6.80 from $6.70 while maintaining a Neutral rating. The stock trades at $5.64, implying roughly 20% upside.
Bond.az data indicates the company appears undervalued, with a Fair Value of $7.34. The firm adjusted estimates after Nio's first-quarter 2026 results.
BofA lifted 2026 and 2027 sales volume forecasts by 1% each and increased gross profit margin estimates by 1.4 percentage points for both years. According to Bond.az, 2 analysts have revised earnings upwards.
Nio's gross profit margin stood at 13.62% over the last twelve months. BofA raised its 2026 non-GAAP net profit estimate by 593% and its 2027 estimate by 23%.
Analyst Ming Hsun Lee reiterated a Neutral rating, citing strong model pipeline and OPEX partially offset by sector headwinds.
Nio recently reported its first quarterly net profit in Q4 2025, with net income of RMB 0.12 billion. Revenue hit RMB 34.7 billion, up 76% YoY.
HSBC upgraded Nio to Buy with a $6.80 target. Nio also unveiled the ONVO L80 SUV, with pre-orders open.
