What's Going On With NIO Stock Monday?
Portfolio Pulse from Erica Kollmann
NIO Inc. shares are trading higher on Monday, up by more than 23% over the last month. JP Morgan analyst Nick Lai maintained a Neutral rating on NIO and raised the stock's price target from $8.5 to $9. The stock has gained nearly 40% over the last three months, but remains over 40% lower over the last year. NIO shares have gained attention from retail investors and are currently listed as a trending ticker on StockTwits and Yahoo! Finance.
July 24, 2023 | 3:05 pm
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NIO shares are trading higher, with a 23% increase over the last month. The stock's price target has been raised from $8.5 to $9 by JP Morgan. Despite a nearly 40% gain over the last three months, the stock is still 40% lower than last year.
The stock is trading higher due to the raised price target by JP Morgan and increased attention from retail investors. However, the stock is still lower than last year, indicating potential room for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100