NIO (NYSE:NIO) Shares Gap Up - Still a Buy?

Market Beat
2026.05.21 16:23
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NIO Inc. (NYSE:NIO) shares gapped up from $5.59 to $5.92 before trading, with a last trade at $5.5050. The company reported Q1 2026 revenue of $3.7 billion, beating expectations, and vehicle deliveries nearly doubled year-over-year. Despite strong sales growth, NIO returned to a net loss, raising concerns about profitability. Analysts have mixed ratings, with upgrades from HSBC and Nomura, while the stock has an average target price of $6.80.