On September 17, Nio's U.S. stocks closed up more than 8%, and the stock price hit a new high in the past year. UBS (UBS) continues to be optimistic about Nio's growth potential due to financial improvement, new product competitiveness and recovery of consumer confidence. It believes that its valuation is attractive and expects significant upside in the stock price in the next 12 months. Nio's rating was upgraded to "buy" from "neutral" and the 12-month target price was raised from $6.20 to $8.50. Nio's new ES8 has been shipped from the Hefei factory to all parts of the country to provide guarantee for delivery immediately after launch. The new ES8 will be held in Hangzhou this week...
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The new ES8 is now shipped nationwide, UBS upgrades its rating, Nio's U.S. stocks closed up more than 8%, hitting a new high this year
DoNews09-17
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