Wall Street forecasts 70% upside for Nio stock in a year
Photo: Finbold
Nio (NYSE: NIO) stock has had a tough year, having dropped nearly 35% on the year-to-date chart (YTD) as of October 20. Nonetheless, analysts remain optimistic. The shares closed at $3.39 in the latest trading session, down 1.17% from the previous close and underperforming the broader market, as the S&P 500 gained 0.41%. Continued pressure picked up the pace most drastically over the past month, with shares declining 6.28% and leaving investors puzzled ahead of the upcoming earnings report scheduled for late November.
Source: Finbold
