Futu News reported on August 12 that Xiaomo raised NIO's target price by 27% from 11 US dollars to 14 US dollars, maintaining a neutral rating. Xiaomao analyst Nick Lai said he believes China's demand for new energy vehicles may accelerate.
Furthermore, according to foreign media reports, Goldman Sachs raised NIO's target price to 7.7 US dollars. Previously, the target price was 7 US dollars.
As of press release, NIO rose 1.85% to $13.23 before the market.