goldman sachs nio price target

Shares are up more than 110% year to date and have risen almost 400% over the past year. Sign up for free newsletters and get more CNBC delivered to your inbox. NIO Inc. (NIO) shares soared more than 15% during Wednesday's session after Goldman Sachs upgraded the stock to a Buy rating with a price target of $6.40 per share… Shares of the Chinese electric-vehicle maker NIO, a peer of That is vastly better than the returns of the

The relatively small company, which doesn’t generate positive cash flow, recently signed an agreement with a local government bringing needed funds in the door. Dow Jones Industrial Average There are currently 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus rating of "Buy." He projects NIO can break even when it starts making about 10,000 cars a month, something he expects by 2022. General Motors The reduced price qualifies Tesla for government electric-vehicle subsidies. We want to hear from you. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. (GM) stock, for instance, trades for less than 7 times estimated 2021 earnings.

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NIO stock was overvalued. Gaming is Nvidia's largest segment, producing $1.31 billion in revenue in its second-quarter, reported last month. A Division of NBCUniversal. © 2020 CNBC LLC. Goldman Sachs raised its price target on gaming technology company Nvidia to $192 from $179. That is about 37% higher than the shares’ closing price on Tuesday. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Nio delivered 3,740 vehicles in June and 10,331 in the second quarter. Shares of the Chinese electric-vehicle maker NIO, a peer of Tesla’s, jumped more than 15% after Goldman Sachs recommended buying the stock, citing the counterintuitive benefits of a price cut by Elon Musk’s company, among other factors. The firm has a buy rating on Nvidia, a neutral rating on Advanced Micro Devices and a … “In June, we achieved a historical high of monthly deliveries, contributing to our best quarterly performance,” William Bin Li, founder and chief executive, said in a statement.

The company plans to deliver about 10,000 vehicles in the second quarter of this year. The second-quarter figure was more than double the first-quarter figure. The stock has risen so fast that it is hard to keep pace. Nio (NIO) - Get Report shares fell in premarket trading Friday after Goldman Sachs analyst Fei Fang downgraded the stock for the second time in a month - … Goldman Sachs is right. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit Nervous longs read that Goldman Sachs said Sell and dumped their shares, pushing the price down 15% to … "We see yoy segment revenue growth reverting to positive territory in FY4Q (Jan) and accelerating further into 1HFY21," said Hari. Goldman likes Nvidia the best compared to some of its semiconductor peers. Fang says NIO has gotten a boost this year because Tesla (TSLA) has cut its prices, narrowing the cost gap between the vehicles and thus diminishing the prestige appeal of Musk’s brand. Analyst Fei Fang upgraded NIO (ticker: NIO) stock to the equivalent of Buy from Hold, setting a new target for the stock price of $6.40. Fang derives his target price for NIO by assuming the stock should trade at 7.7 times the per-share earnings he expects for 2030, and then discounting that price into today’s dollars. The stock closed Tuesday at $172.53 per share, up nearly 30% this year.

"We expect the company to deliver strong sequential growth in FY3Q (Oct) in the Gaming segment supported by the normalization in channel inventory and the launch of its new products," said Goldman Sachs' Toshiya Hari in a note to clients.

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While the competitive landscape in the second half of the fiscal year may be more challenging that in the past, Hari said Nvidia's gaming segment will continue to grow. Analyst Fei Fang upgraded NIO (ticker: NIO) stock to the equivalent of Buy from Hold, setting a new target for the stock price of $6.40. Fang's recommendations have produced a negative 5% return in the past year, compared with a 292% return on the shares, according to Bloomberg. Things are looking up for NIO. —with reporting from CNBC's Michael Bloom. Photograph by Greg Baker/AFP via Getty Images.

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