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NIO Inc (NIO) Q2 2021 Earnings Call Transcript
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NIO Inc. (NIO) Q1 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
NIO Inc. (NYSE: NIO)
Eve Tang from Capital Markets and Investor Relations. Please go ahead, Eve.
Unknown speaker
Good morning, and good evening, everyone. Welcome to NIO s first-quarter 2021 earnings conference call. The company s financial and operating results were published in the press release earlier today and are posted at the company s IR website. On today s call, we have Mr.
William Li, founder, chairman of the board, and the chief executive officer; Mr. Steven Feng, chief financial officer; Mr. Stanley Qu, VP of finance; and Ms. Jade Wei, AVP of capital markets and investor relations.
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There is no denying that Chinese electric vehicle maker Nio has already come far. Shares started 2020 below $5 and now trade for nearly $60. The company has blown past concerns it would run out of cash, emerging as an innovative and fast-growing EV leader.
So where does the company go next? As one of the top stocks to buy for 2021, many analysts are starting to raise their price targets. JPMorgan analyst Nick Lai just raised his price target to $75, while Credit Suisse analyst Bin Wang raised his to $71. However,
InvestorPlace analyst Luke Lango sees much more upside ahead for NIO stock, even to $150. That’s because the company continues to deliver on its promises and chart a growth-filled course.
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NIO Day 2021 was a success, at least according to Asia’s equivalent of Wall Street. The Chinese electric vehicle maker hosted its annual consumer event on Saturday, launching a new luxury sedan and talking about other battery and software improvements.
Now analysts, mainly based in China and Hong Kong, are raising their price targets.NIO stock (ticker: NIO) closed up about 6.4% Monday to just under $63 a share. Shares are up roughly 1,700% over the past year. The S&P 500, for comparison, finished about 0.7% lower.
Monday’s.
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NIO Is Rallying After Its Annual Consumer Event. Analysts Are Raising Price Targets.
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