Skip to content

Wall Street sets Nio stock price for next 12 months

Wall Street sets Nio stock price for next 12 months
Elmaz Sabovic

During the turbulent times in the electric vehicle (EV) market, many companies had to slash prices, scrap planned projects, and reassess their strategies, leading to a downturn in their stock prices.

Nio (NYSE: NIO) was particularly hard hit by these challenges, with its shares plummeting to a 12-month low. 

Nio’s stock has been on a downward trend for months, but the latest dip can be attributed to the widespread price cuts in China’s electric vehicle market.

Tesla (NASDAQ: TSLA) recently reduced prices on several of its top models, setting a trend for the industry. Following suit, Chinese carmaker Li Auto (NASDAQ: LI) also lowered prices on its EVs.

Nio stock price chart

As of the latest market close, Nio shares are valued at $4 after a 0.12% loss; however, the five recent trading sessions were positive, adding 6.95% to the NIO stock price.

But when zooming out, the picture becomes bleak, with a staggering 52.49% loss since 2024 started.

NIO stock 24-hour price chart. Source: Google Finance
NIO stock 24-hour price chart. Source: Google Finance

Wall Street NIO stock forecast 

Despite ongoing challenges, analysts maintain a bullish outlook on NIO stock. Experts from TradingView have bestowed a ‘buy’ rating on NIO shares after conducting 32 evaluations.

Among these, 12 experts recommend a ‘strong buy,’ five suggest ‘buy,’ 13 advise ‘hold,’ and only two propose ‘strong sell.’

The average price target for NIO stock is $6.78, suggesting a potential upside of 69.50% from the current level.

Analyst's 12-month target for NIO stock. Source: Trading View
Analyst’s 12-month target for NIO stock. Source: Trading View

Can partnership with GM prove a lifeline Nio desperately needs

After a prolonged period of challenges, the Chinese EV manufacturer needs a catalyst for growth, and it appears to have found one in collaboration with General Motors (NYSE: GM). 

As part of this collaboration, more than 10,000 Nio charging stations will be integrated into SAIC-GM’s Ultium energy replenishment network. This expansion means that Nio’s charging network will now be accessible to a larger number of drivers who own SAIC-GM vehicles.

This development is a stepping stone for Nio as it seeks to expand its market presence and attract more buyers.

Buy stocks now with eToro – trusted and advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts