BofA Securities raised the price target for the NIO Inc. (NYSE:NIO) stock from ‘a Neutral’ to ‘a Buy’. The rating was released on May 16, 2023, according to finviz. We previously noted in another research note published on April 04, 2023 by UBS that upgraded the stock from a Neutral to a Buy with a price target of $32 for NIO stock. The research report from China Renaissance has initiated the stock to Buy, with a price target set at $32.40. In their research brief published February 08, 2023, Barclays analysts initiated the NIO Inc.
