1 Wall Street Analyst Just Put Nio Stock on "Catalyst Watch." Will Shares Double From Here?

Core Viewpoint - Nio's stock has increased nearly 40% since early April, with expectations for further growth as analyst Jeff Chung from Citigroup places the stock on a 30-day positive "catalyst watch" and sets a price target of $8.10 per share, indicating a potential over 100% gain from its current trading level [1][2]. Group 1: Sales Performance and Growth Potential - Nio delivered approximately 42,000 electric vehicles (EVs) in Q1, reflecting a year-over-year increase of over 40% [3]. - Chung anticipates a significant acceleration in sales growth, particularly following the introduction of new brands Onvo and Firefly at the 2025 Shanghai Auto Show [3][4]. - The analyst predicts that Nio could launch up to 10 new models by the end of 2025, which may lead to over 50% sequential delivery growth in Q2, with expectations of reaching at least 63,000 units delivered, marking a record quarter [6]. Group 2: Market Sentiment and Investment Outlook - Chung advises investors to buy Nio stock now, anticipating that the stock will trend towards his $8.10 price target as new models are launched and delivery reports improve [7]. - While there may not be an immediate reaction in the stock price, long-term growth in sales figures could eventually lead to the expected stock performance [8].