UBS: NIO's target price raised to $6.2 as second-quarter results met expectations
2025-09-03 11:23:51

UBS published a research report stating that NIO's (NIO.N) second-quarter results met expectations, with an operating loss of RMB 4.909 billion, a 24% decrease quarter-over-quarter and a 6% decrease year-over-year. Its GAAP net loss was RMB 5.141 billion, a 25% decrease quarter-over-quarter and flat year-over-year. The bank noted that due to strong sales growth at NIO's Ledao Auto subsidiary, it has raised its sales forecast for the company by 2% to 19% for 2025-27 and raised its target price from US$5.40 to US$6.20, maintaining a "neutral" rating.
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