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Nio Stock No Longer a Sell, According to 1 Wall Street Analyst
NIONIO(NIO) The Motley Fool·2024-05-15 20:17

Nio stock may not be worth buying, but it's also too risky to short.Good news for Nio (NIO -7.95%) shareholders! For three long months, investment bank J.P. Morgan said the Chinese electric vehicle (EV) maker's stock was a sell. But no longer.On Wednesday, the bank's investment firm relented and removed its sell rating from Nio, upgrading the EV stock to neutral and setting its price target at 5.40pershare.Thatpriceimpliesanupsideofjust25.40 per share. That price implies an upside of just 2% on the current 5.32. Is Nio stock a buy?Remember, JPMorga ...