Citi remains bullish on Nio (NIO) following call with management, Gives $23.30 PT :

Citi Research reiterated a Buy rating on Nio (NYSE:NIO), with a target price of $23.30 after hosting a business call.

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EV EDITION’s analysis on Market cap :

With recent information on NIO’s outstanding shares a 23 $ price target would put NIO’s market cap around 38 B.

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