Nio yahoo finance shows consensus analyst rating leaning

Nio Yahoo Finance shows consensus analyst rating leaning “Hold” with price targets clustered between $4.50 and $7. “NIO's guidance of between 47,000 and 49,000 delivery units for Q4 2023 (+20% Y/Y) was weaker than expected as momentum from new launches tapers,” CFRA analyst Aaron Ho wrote in a note following NIO’s earnings results in early December. “We expect NIO to be loss-making in 2023-2024 on higher R&D spend (mainly for battery swapping, autonomous driving, and development of mass market cars) and start-up costs for the business expansion in Europe.” Warning! GuruFocus has detected 6 Warning Signs with NIO. Nio Yahoo Finance daily trendlines mark crucial resistance at $5.