
NIO (NYSE:NIO) Stock Price Up 1.8% After Analyst Upgrade

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NIO Inc. (NYSE:NIO) shares rose 1.8% after Macquarie upgraded the stock from neutral to outperform, setting a price target of $6.10. The stock traded at $4.64, with a volume decline of 42% from the average. Analysts have mixed ratings on NIO, with four buy, five hold, and two sell ratings. Institutional investors have increased their stakes significantly. NIO, a leader in premium electric vehicles, focuses on advanced technologies and user experience. The company has a market cap of $9.68 billion and a PE ratio of -3.20.
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