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Nio stock could double from here despite Q4 loss
NIONIO(NIO) Invezz·2024-03-06 00:11

Nio Inc (NYSE: NIO) could more than double from here even though it reported a sequential increase in quarterly loss on Tuesday, says Tim Hsiao – a Morgan Stanley analyst.The bull case for NIOCopylinktosectionHsiaoremainssuperbullishonNiostockprimarilybecausethelossitreportedforthefourthquartertodaywaswithinhisanticipatedrange.TheanalystwasalsoupliftedbyameaningfulincreaseintheEVmaker’scashreservesfollowingaNIOCopy link to sectionHsiao remains super bullish on Nio stock primarily because the loss it reported for the fourth quarter today was within his anticipated range. The analyst was also uplifted by a meaningful increase in the EV maker’s cash reserves following a 2.2 billion strategic investment from CYVN in December.N ...