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Benzinga
Benzinga
Business
Shanthi Rexaline

Nio Analyst Sees Opportunities In 2022 And Beyond; So Why Is He Halving The Price Target?

NIO Nick Lai

Nio, Inc. (NASDAQ:NIO) shares have underperformed the EV industry since last year and are trading way off their all-time highs of $66.99 reached in early January 2021.

An analyst at JPMorgan said he sees opportunities for the EV maker in 2022 and beyond, but announced a steep cut in the price target for the shares.

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