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NIO

NIO

$58.34 /

+0.6 (+1.04%)

, TSLA

Tesla

$844.99 /

-5.32 (-0.63%)

07:13
01/22/21
01/22
07:13
01/22/21
07:13

Nomura starts 'Tesla-like' NIO with Buy rating, $80.30 price target

Nomura analyst Martin Heung initiated coverage of NIO Inc. (NIO) with a Buy rating and $80.30 price target. The stock closed Thursday up 63c to $58.34. The analyst likes NIO for its "Tesla-like top-down approach" in launching its electric vehicle pipeline, starting with its luxury flagship model ES8, followed by "more consumer friendly models and variants." NIO has successfully established itself as a premium auto brand "given car buyers are willing to pay a price similar to those for entry-level models of major European luxury original-equipment-manufacturers," Heung tells investors in a research note. The analyst believes NIO's battery-leasing program "paves the way for the revolutionary concept of battery swapping." His price target of $80.3 is based on a 25% discount of Tesla's current price-to-sales ratio of 26 times.

NIO

NIO

$58.34 /

+0.6 (+1.04%)

TSLA

Tesla

$844.99 /

-5.32 (-0.63%)

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NIO NIO
$58.34 /

+0.6 (+1.04%)

01/22/21 Nomura
NIO Inc. initiated with a Buy at Nomura
01/21/21 Deutsche Bank
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01/19/21
Fly Intel: Top five analyst initiations
01/19/21 Jefferies
NIO Inc. initiated with a Hold at Jefferies
TSLA Tesla
$844.99 /

-5.32 (-0.63%)

01/20/21 JPMorgan
JPMorgan boosts GM target to $63, calls 'significant contender' in autonomous
01/20/21 Deutsche Bank
Tesla price target raised to $890 from $705 at Deutsche Bank
01/20/21 Oppenheimer
Tesla price target raised to $1,036 from $486 at Oppenheimer
01/19/21 Jefferies
Tesla price target raised to $775 from $650 at Jefferies

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