Goldman Sachs analyst Tina Hou downgrades $NIO Inc (NIO.US)$ to a sell rating, and adjusts the target price from $4.1 to $3.9.
According to TipRanks data, the analyst has a success rate of 39.5% and a total average return of 0.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $NIO Inc (NIO.US)$'s main analysts recently are as follows:
The anticipation of a limited new model lineup for Nio and a slow production increase for Onvo may position the company unfavorably heading into 2025, facing potentially heightened competition early next year. Moreover, as the company progresses with expanding Onvo's sales network, increased expenditures are expected to exacerbate operating losses, complicating Nio's journey towards profitability over the next three years.
The firm anticipates that the benefits of volume growth expected in 2025 might be somewhat negated by slower margin expansion and elevated operating expenses.
Note:
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