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<Research>Citi Expects Intensified Competition for NIO-SW (09866.HK) in 2026, Chops TP to $53
Recommend 3 Positive 2 Negative 2 |
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Citi Research published a research report chopping its target prices for NIO (NIO.US)'s US stock/ H-shares from US$8.6/ $65.9 to US$6.9/ $53, with both rated at Buy, due to a slowdown in orders, considering NIO-SW (09866.HK)'s weak sales guidance for 4Q25, dim sales prospects for 1Q26, intensified competition in 2026 and uncertainty in gross profit margins for 1H26, and based on latest forecast using a lower 2026 projected PS ratio of 1.1x. Citi Research rated NIO-SW's H-shares at Buy, based on the belief that the Company's corporate governance and long-term growth prospects have improved. It is expected that NIO-SW will benefit from the overall upgrade of China's NEV and photovoltaic industries, and accelerating orders as a beta proxy of the industry. AASTOCKS Financial News Website: www.aastocks.com |
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