---
title: "Nio: Buy Rating Reaffirmed as Clear Path to 2026 FCF and Brand-Driven Volume Growth Support US$8.5 Price Target Re-Rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298277129.md"
description: "UBS reaffirmed a Buy rating on Nio with an $8.50 price target, citing a clear path to positive free cash flow by H2 2026, margin protection via product mix and scale, and volume growth from new models. Goldman Sachs also maintained a Buy rating with a $6.10 target."
datetime: "2026-09-08T07:15:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298277129.md)
  - [en](https://longbridge.com/en/news/298277129.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298277129.md)
generator: "portal-rs"
---

# Nio: Buy Rating Reaffirmed as Clear Path to 2026 FCF and Brand-Driven Volume Growth Support US$8.5 Price Target Re-Rating

In a report released yesterday, Paul Gong from UBS maintained a Buy rating on Nio, with a price target of $8.50.

Paul Gong has given his Buy rating due to a combination of factors, including management’s clear path toward positive free cash flow in the second half of 2026. Despite inflation-driven cost pressures, Nio expects to protect vehicle margins through a richer product mix, scale benefits from its third-generation technology platform and continued supply-chain efficiencies.

He also sees upside from Nio’s brand and product strategy, with major upcoming model launches and refreshes aimed at driving 40–50% volume growth over the longer term and expanding overseas penetration. Finally, Nio’s shares trade at a meaningful discount to peers on 2026E price-to-sales, and Gong’s US$8.5 target price reflects a re-rating toward a still conservative 2027E valuation multiple, supporting his Buy recommendation.

In another report released on September 4, Goldman Sachs also maintained a Buy rating on the stock with a $6.10 price target.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**