Search
EN Down
Language
Hi, user_no_name
Live Chat

Deutsche Bank bullish on NIO stock

 

Chinese EV maker NIO to report earnings on Tuesday 

Chinese electric vehicle maker Nio Inc. — the company likely most known for offering to swap empty batteries for new, fully-charged ones, in no more than three minutes — is gearing up to announce its Q3 2023 earnings on Tuesday. 

Analysts estimate a loss of approximately $0.23 per share on quarterly sales of $2.7 billion. Despite a 40% decline in market capitalization over the past year, Deutsche Bank analyst Edison Yu is optimistic, urging investors to buy Nio shares. Yu predicts a 53% increase in Nio stock over the next 12 months, forecasting the shares to potentially reach $11. 

In early November, Nio stock rose over 10% on news of substantial workforce cuts, as the company aimed to enhance efficiency and cut costs in response to intensifying competition. 

 

Choose your points of movement

Сalculate your hypothetical P/L (aggregated cost and charges) if you had opened a trade today.

Market

Shares Search
Shares
Index
Commodity
Bonds
Crypto
ETFs
Currency

Instrument

Search
Clear input
Occidental
Prosus N.V.
Porsche AG
Hermes
CAT
Thermo Fisher
Nikola Corporation
Tilray
Shell plc (LSE)
Skillz Inc
Iberdrola
DeltaAir
CrowdStrike Holdings
Golar LNG
Applied Materials
Snowflake
Royal Bank Canada
Amazon.com
Spotify
Exxon Mobil
CCB (Asia)
McDonald's
Campari
GameStop
Netflix
ON Semiconductor
Costco
Dave & Buster's
Delivery Hero SE
LUCID
Continental
SunPower
Zoom Video Communications
Schlumberger
Virgin Galactic
Upwork Inc.
Cameco
JP Morgan
Fuelcell
Rivian Automotive
XPeng Inc
Wal-Mart Stores
Trade Desk
Blackstone
Vodafone
Aptiv PLC
L'Oreal
Target
Rio Tinto
Sartorius AG
British American Tobacco
Qorvo
ASOS
Cisco Systems
Nel ASA
Arista
Airbus
Apple
Pfizer
AMC Entertainment Holdings
ASML
Hubspot
Teladoc
Starbucks
SMCI
Canopy Growth
Wish.com Inc
Lockheed Martin
ProSiebenSat.1
IAG
AbbVie
Marston's
Baidu
Teleperformance
Norwegian Air Shuttle
Airbus Group SE
HSBC HK
Block
Annaly Capital
Abbott
LVMH
American Express
Novavax
GoPro
Siemens
Total
SIG
Pinterest Inc
Taiwan Semi
Etsy
Amgen
SONY
3D Systems
UPS
Yandex
BlackBerry
Gen Digital Inc
Xiaomi
Quanta Services
Unity Software
NVIDIA
Anglo American
Palantir Technologies Inc
Fresnillo
Deere
Rolls-Royce
Porsche
Uber
Vir Biotechnology
American Airlines
ROBLOX Corp
Macy's
FirstRand
easyJet
DISNEY
Aurora Cannabis Inc
BP
Adidas
Boeing Co
Vonovia
Coca-Cola Co (NYSE)
Home Depot
General Electric
Coinbase Inc
ALIBABA HK
Philip Morris
General Motors
PayPal
UniCredit
II-VI
BASF
Kraft Heinz
Alphabet (Google)
Palo Alto Networks
Evraz
Plug Power
Li Auto
Oracle
Roku Inc
UiPath Inc
Upstart Holdings Inc
F5 Networks
Infinera
Inditex
ZIM Integrated Shipping Services Ltd
Deutsche Bank
Hammerson
IBM
JD.com
Barrick Gold
TUI AG (LSE)
Lemonade
MerckCo USA
Infosys
Invesco Mortgage
Comcast
Santander
Accenture
Anheuser-Busch Inbev
Visa
Mastercard
Ozon
T-Mobile
SAP
Wayfair
Beyond Meat
Kuaishou
CarMax
Tesla
Lyft
Medtronic
Adobe
Morgan Stanley
Workday Inc
Blackrock
Vipshop
Meta (Formerly Facebook)
Linde PLC
Micron
Lululemon
Ceconomy
Chipotle
Gilead
Avacta
Naspers
Bristol Myers
Samsung
The Cheesecake Factory
Glencore plc
British American Tobacco
ChargePoint Holdings Inc
Twilio
Intel
Lloyds
CNOOC
Electrolux
Wells Fargo
Sea
PG&E
Fedex
Citigroup
Peloton Interactive Inc.
eBay
Microsoft
JnJ
Bilibili Inc
Trump Media & Technology Group
AIA
Nasdaq
Air France-KLM
Allianz
Lithium Americas Corp
Procter & Gamble
Qualcomm
AMD
New Oriental
MercadoLibre.com
Mondelez
Lumentum Holdings
Two Harbors Investment aration
AstraZeneca
Norwegian Cruise Line
Unilever
GoHealth
PepsiCo
Barclays
PETROCHINA
Goldman Sachs
Eli Lilly
HSBC
Cellnex
Berkshire Hathaway
Jumia Technologies
HDFC Bank
RTX Corp
Bayer
Bank of America
Chevron
ADT
DoorDash
Marriott
Nike
AT&T
GSX Techedu
Robinhood
Telecom Italia
Deliveroo Holdings
TUI
Freeport McMoRan
Toyota
BioNTech
Airbnb Inc
Alibaba
Verizon
Nio
Eni
Ford
Hanesbrands
Volkswagen
UnitedHealth
Shopify
China Life
Snap
Christian Dior
Conoco Phillips
Lufthansa
Tencent
Moderna Inc
Salesforce.com
Broadcom
Diageo
Toro
Cinemark

Account Type

Direction

Quantity

Amount must be equal or higher than

Amount should be less than

Amount should be a multiple of the minimum lots increment

USD Down
$-

Value

$-

Commission

$-

Spread

-

Leverage

-

Conversion Fee

$-

Required Margin

$-

Overnight Swaps

$-
Start Trading

Past performance is not a reliable indicator of future results.

All positions on instruments denominated in a currency that is different from your account currency, will be subject to a conversion fee at the position exit as well.

 

Nio deliveries: Chinese EV firm hits lower end of Q3 guidance 

Nio has confirmed meeting the lower end of its Q3 EV delivery guidance, selling 55,432 units. Yu anticipates gross profit margins will improve by 7 to 8 percentage points over Q2 as volumes increase.  
 
However, Yu acknowledges the growth in selling, general, and administrative expenses since Q2, and forecasts a loss of $0.32 per share for the quarter — worse than the consensus forecast. 

This isn’t the only bad news in Yu’s recommendation to buy Nio stock. “Competition is only getting fiercer” in the Chinese EV market, warns the analyst, and “sentiment is very negative.” He suggests that Nio, often called one of China’s Tesla competitors, may struggle to achieve sales growth at the desired pace, with Q4 delivery volumes potentially falling by 11% to 18%. Yu has concerns that falling short of delivery targets could impact both gross and profit margins. 

Yu has also scaled back his Nio delivery forecasts, projecting 157,000 units in 2023 and 200,000 units in 2024 — cuts of 10% and 26%, respectively. The analyst summed up: 

“Encouragingly, the company appears to be making big changes especially to sales structure and expense management/ROI. This should bear fruit in the coming quarters while material improvement in volume trajectory may take more time.” 

 

Nio stock forecast: Most analysts bullish, see strong growth potential 

According to 5 analysts covering Nio stock surveyed by TipRanks, 4 Buys and 1 Hold have been issued for the shares in the past three months. According to the consensus 12-month Nio stock forecast, the company’s shares are a Strong Buy. Given the $14.38 average price target, shares could surge close to 101% in the next year. 

At the time of writing on Monday, Nio American Depositary Receipts (ADR) were at around $7.17 in after-hours trading. The Nio stock price remains 26.67% down year-to-date.   

Tesla stock closed at $238.83 on Friday, and is currently up by close to 94% year-to-date, as per MarketWatch data.  

When considering shares for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.   

Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.

Latest news

Wall Street bets on blowout quarterly Nvidia earnings report

Monday, 20 May 2024

Indices

Wall Street bets on stellar Nvidia earnings on Wednesday

Shares, yields, oil broadly higher as copper, gold price hit new highs

Sunday, 19 May 2024

Indices

Stocks, yields, oil climb as copper and gold price hit highs

Nvidia earnings report comes amid resurgence in meme stocks

Thursday, 16 May 2024

Indices

Week ahead: Nvidia earnings come amid return of meme stock mania

Dow Jones index touches 40,000 but indices dip

Thursday, 16 May 2024

Indices

Dow Jones index touches 40,000 but stocks ease back

Live Chat