NIO shares rise after Goldman Sachs upgrades the EV maker and sets a 46% upside target amid improving profitability outlook.
NIO shares climbed 3.7% to $4.96 after Goldman Sachs upgraded the stock to “buy” from “hold” and set a $7 price target, representing 46% upside from Friday’s close. The upgrade follows strong vehicle sales and a narrowing net loss of $48 million in Q1.
The company’s flagship ES8 SUV and premium ES9 model, priced above $73,000, have driven revenue growth despite intense competition in China and Europe. Analysts now expect NIO to achieve its first full-year operating profit in 2027, a key milestone for investors.
Market reaction was immediate, with the stock rising on the upgrade news. However, volatility remains a risk as NIO works toward sustained profitability in a crowded EV sector.