The shares of NIO (NIO) recently received a $28 price target, Below are the details.
RATING : BUY
ANALYST FIRM : MIZUHO
Mizuho analysts adjusted the rating while noting that they see a challenging auto end market globally into the next year, driven by higher interest rates, energy prices, and financing rates that would affect affordability.
This could overshadow a more constructive auto production outlook as supply chains and production bottlenecks improve. And while electric vehicles should continue to grow, the higher prices and tighter consumer budgets could be real headwinds.
Note : nothing on EV EDITION is financial advice.