Goldman Sachs upgraded Nio (NIO) from “Neutral” to “Buy” on July 13, setting a $7 price target for the U.S.-listed shares, implying about 42% upside from the current share price of $4.93.
The upgrade was triggered directly by NIO’s strong June and second-quarter 2026 delivery results, with the firm reporting 40,597 vehicles delivered in June and 107,658 for the full quarter, bringing cumulative deliveries to about 1.19 million vehicles.