Tag: Citigroup analyst Jeff Chung

  • Top Reasons to Buy the Dip in Nio Stock

    Top Reasons to Buy the Dip in Nio Stock

    Electric vehicle stocks, like Nio (NIO) are accelerating. All after reporting strong May deliveries. For the month, NIO delivered 7,024 vehicles, including 5,317 premium smart electric SUVs, including 746 ES8s, 2,936 ES6s and 1,635 EC6s, and 1,707 ET7s, the Company’s flagship premium smart electric sedan. Also, as of May 31, 2022, cumulative deliveries reached 204,936…

  • This is Why Shares of NIO Could More than Double

    This is Why Shares of NIO Could More than Double

    Nio Inc. (NIO) is accelerating higher. In fact, Citigroup analyst Jeff Chung believes the stock can more than double to $87 a share.  He notes recent weakness in NIO was related to the company selling 53.3 million ADRs.  However, with the sale now over, the analyst sees multiple catalysts for upside. One, NIO Day being…

  • Why Nio Could be Headed to $40, Near-Term

    Why Nio Could be Headed to $40, Near-Term

    Keep an eye on Nio Inc. (NIO). The electric vehicle (EV) stock continues to explode higher.  In pre-market today, it’s up another $2.  And $40 isn’t out of the question. According to Pulse 2.0: “JPMorgan upgraded its rating for NIO last month from Neutral to Overweight with a $40 price target. JPMorgan analyst Nick Lai…