JP Morgan Raises Nio’s Price Target Over Increased Sales Estimates

JP Morgan Raises Nio’s Price Target Over Increased Sales Estimates

JPMorgan raised on Thursday its price target on Nio as it increased delivery forecasts for 2026 and 2027. The bank had downgraded the shares of the Shanghai-headquartered EV maker in February, when analyst Nick Lai cut Nio to ‘Neutral’ from ‘Overweight’ and reduced the target to $4.70 from $7.00. JPMorgan later trimmed the target again to $4.10 before Thursday’s lift to $4.80. In the February note — in a note obtained by PriceTarget — the analys…