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<Research>CICC Drops NIO-SW (09866.HK) TP to $41 on Intensified Mkt Competition
Recommend 6 Positive 5 Negative 13 |
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NIO-SW (09866.HK) (NIO.US)'s 1Q25 results were in line with the expectations of CICC and the market, with multiple new car deliveries in 2025, CICC released a research report saying. The Company delivered 42,094 vehicles in 1Q25, showing a QoQ decline, leading to 1Q25 revenue of RMB12 billion. CICC maintained its 2025-2026 non-GAAP net profit forecasts for NIO-SW, with rating kept at Outperform. Considering intensified market competition, the broker dropped its target prices for NIO-SW's H-shares/ US stock by 15% to $41/ US$5.3. AASTOCKS Financial News Website: www.aastocks.com |
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