Core Viewpoint - Nio has experienced multiple price target revisions from major banking institutions following its Q1 2025 financial results, reflecting a competitive EV market in China and ongoing profitability challenges [1] Price Target Revisions - BofA Securities revised its price target for NIO stock to $4.30 from $4.90, maintaining a Neutral rating due to the company's Q1 performance and guidance [2] - Mizuho lowered its price target to $3.50 from $4, also holding a Neutral stance, citing intense competition in China's EV sector [3] - Macquarie cut its target to $3.90 from $4.70 while keeping a Neutral rating, noting that NIO's Q1 results missed Bloomberg consensus and their own estimates [3] - Bernstein SocGen Group adjusted its price target to $4 from $4.50, maintaining a Market Perform rating, driven by weaker-than-expected Q1 earnings [5] - Barclays slashed its price target to $3 from $4 and retained an Underweight rating, highlighting deep margin losses and delivery hurdles [5] - Morgan Stanley reiterated an Overweight rating with a $5.90 price target, emphasizing potential improvements in sales volume and cash flow [4] Q1 2025 Performance - NIO reported Q1 2025 revenue of $1.66 billion, a 21.5% year-over-year increase from $1.37 billion, driven by an 18.6% rise in vehicle sales and a 37.2% surge in other revenue streams [6] - The revenue results fell short of the consensus estimate of $1.73 billion by approximately 4% [6] - NIO reported an adjusted loss per share of $0.41, wider than the expected $0.35 and down 24.2% from the prior year [6] - The company's gross profit margin improved year-over-year but remained below analysts' expectations, with an operational loss of RMB 6.4 billion and a non-GAAP net loss of RMB 6.3 billion [7] - Despite challenges, NIO's stock showed resilience, opening at $3.63 on June 4, 2025, up $0.10 or 2.80% for the day [7]
Banking giants update Nio stock price target