"Big Banks" JP Morgan: NIO's second-quarter performance was below expectations, maintaining an "Overweight" rating

JP Morgan published a research report indicating that NIO (09866.HK)(NIO US) had slightly weaker performance in the second quarter than the bank's expectations, mainly affected by product upgrades in mid to late May. The management revealed plans for new model launches and cost control measures for the fiscal year 2026, reiterating the goal of achieving quarterly sales of 150,000 vehicles and non-GAAP operating breakeven in the fourth quarter.

Morgan Stanley maintains a positive outlook on NIO, believing that through a series of measures such as cost control and new model launches, NIO's competitiveness will be enhanced and financial performance will improve. It is expected that the market will raise profit forecasts, maintaining an "overweight" rating, with a target price of $8 for US stocks