Nio stock extends gains after Wall Street upgrades and profit surprise
Shares of Chinese electric vehicle maker Nio Inc. climbed to a four-month high as Wall Street upgrades and strong financial results strengthened the company’s growth outlook. US-listed shares of Nio rose nearly 4% on Monday extending its 5 day gains to 15%. The stock gained following the release of its first quarterly profit report in the previous week. The recent rally comes as analysts grow more optimistic about the company’s delivery growth, profitability trajectory, and product pipeline heading into 2026. Wall Street upgrades boost Nio outlook Several brokerages upgraded the stock or raised price targets following Nio’s latest earnings report. HSBC upgraded Nio to “Buy” from “Hold” and raised its price target to $6.8 from $4.8. The bank cited improving...
