NIO ES8
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Deutsche Bank raises NIO price target by 30% to $34, reiterates Buy rating
Analysts at Deutsche Bank on Tuesday raised their price target on NIO by 30 percent to $34 and reiterated their Buy rating following another record monthly sales for the Chinese EV maker.
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NIO exec says record sales will be the norm in near future
"NIO sales are setting new all-time highs every month, which we estimate may become a norm in the near future and reflects customer acceptance", said Shen Feng, executive vice president of NIO, on October 27.
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NIO in spotlight as owner claims he was charged $20,800 to replace a tire
NIO has recently become the center of attention again due to complaints from a car owner.