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CnEVPost Newsletter: CICC raises NIO price target; XPeng HK debut
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CnEVPost Newsletter: CICC raises NIO price target; XPeng HK debut

Jul 07, 2021
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CnEVPost Newsletter
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CnEVPost Newsletter: CICC raises NIO price target; XPeng HK debut
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CICC raises NIO price target by 11% to $69 - CnEVPost — cnevpost.com

In March, CICC lowered its price target on NIO by 27% to $62 from $85, citing a pullback in the stock price of Tesla as an EV maker "valuation anchor". Now, it has raised its price target after NIO recorded a strong delivery performance.

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