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<Research>HSBC Research Elevates NIO-SW (09866.HK) TP to $60.6 as New Model Sales Momentum Priced in
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NIO-SW (09866.HK) (NIO.US)'s share price has nearly surged 1x since mid-July, driven by the completion of fundraising, the successful launch of the NOVO L90 in late July and the new ES8 in late August, HSBC Global Research issued a research report saying. The broker suggested that the sales momentum of these new models has already been reflected in the market. However, HSBC Global Research noted that, while strong new vehicle momentum and attractive pricing should provide cyclical uplift, structural factors such as fierce competition limiting pricing power and a rigid cost structure unable to keep pace with aggressive pricing make sustained profitability breakthrough still uncertain. The broker raised its 2026/ 2027 profit forecasts for NIO-SW by 26%/ 37%, and elevated its target prices for NIO-SW's ADRs/ H-shares from US$4.1/ $32.1 to US$7.8/ $60.6, with ratings at Hold. AAStocks Financial News Website: www.aastocks.com |
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