Nio Stock: Top Analyst Raises Price Target to $7 Ahead Of Earnings November 25

TLDR

Table of Contents

Nio’s October deliveries surged 92.6% year-over-year with Firefly brand accounting for 5,912 units or 14% of monthly total
First right-hand-drive vehicles shipped to Singapore with Thailand and UK expansion set for 2026
Q3 earnings scheduled for November 25 with expected loss of $0.22 per share versus $0.30 loss year-ago
Goldman Sachs upgraded price target to $7 from $4.30, projecting break-even by 2028
Stock trades at $5.58 with analysts expecting 12.7% post-earnings move

Nio is pushing beyond China with its first right-hand-drive vehicle shipments to Singapore. The move marks a new chapter for the EV maker as it targets international markets.

NIO Inc., NIO

The company plans to enter Thailand and Great Britain next year. This expansion strategy focuses on markets without heavy tariffs on Chinese EVs.

October delivery numbers show momentum building. The company delivered 92.6% more vehicles compared to last year. Year-to-date deliveries are up 42%.

Firefly Brand Drives Growth

The Firefly sub-brand sits at the heart of Nio’s global strategy. The brand targets the compact car segment, which represents 17% of global annual sales. Europe accounts for roughly one-third of that market.

Firefly delivered 5,912 vehicles in October. That’s just 14% of Nio’s total monthly deliveries, leaving plenty of room for expansion.

The company designed Firefly’s digital interface with European consumers in mind. Tariffs forced price increases in Europe, but the vehicles remain competitive.

Earnings Preview

Nio reports Q3 results before market open on November 25. Analysts forecast a loss of $0.22 per share versus a $0.30 loss in Q3 2024. Revenue estimates stand at $3.12 billion compared to $2.6 billion last year.

The stock has climbed 28% year-to-date. Options traders are pricing in a 12.7% swing following the earnings announcement.

Goldman Sachs analyst Tina Hou bumped her price target to $7 from $4.30. She maintained a neutral rating but increased her sales forecasts by 6%-11% for 2026-2030. Hou now expects break-even by 2028, one year earlier than previously estimated.

Her gross margin projections rose 2%-3% based on improved production scale. The analyst praised newer models like the L90 and ES8 for better design and performance.

Market Pressures Drive Export Push

China’s EV market is locked in a fierce price war. Margins are shrinking across the industry. Chinese automakers exported barely 1 million vehicles at the decade’s start. That number should hit 7.5 million this year.

Exporting helps Nio utilize production capacity during a period of industry overcapacity. The right-hand-drive expansion also positions the company for potential U.S. market entry, though steep tariffs currently block that path.

Ford CEO Jim Farley labeled Chinese EV makers an “existential threat” to Detroit automakers. Ford, General Motors, and Stellantis are monitoring the situation closely.

Nio plans two additional model launches in 2026: the L80 and ES9, plus an updated ES7. These releases should sustain delivery growth if they match recent performance.

Analysts give Nio a Moderate Buy rating based on six Buys, six Holds, and one Sell. The average price target of $6.90 implies 23.66% upside from current levels.

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