- NIO Inc. (NIO, Financial) is cutting costs with layoffs in Europe, following similar steps in the U.S. and China.
- The consensus from analysts suggests a potential upside of 81.02% from its current stock price.
- According to GuruFocus, NIO's GF Value indicates an impressive 328.2% potential upside.
Chinese electric vehicle manufacturer NIO (NYSE: NIO) is making strategic moves to streamline its operations in Europe by enacting a 25% reduction in workforce. This decision is in response to declining sales figures within traditional strongholds such as Germany, the Netherlands, and Norway. Nevertheless, the company is witnessing a boost in sales in Sweden. These European adjustments come on the heels of similar operational cost-cutting measures in both the U.S. and China.
Wall Street Analysts' Insights
According to projections from 23 financial analysts, NIO Inc. (NIO, Financial) is anticipated to reach an average stock price of $6.07 over the next year, with forecasts ranging from a high of $12.48 to a low of $3.69. This average prediction translates to a potential increase of 81.02% from its current market value of $3.35. For more comprehensive forecast data, refer to the NIO Inc (NIO) Forecast page.
The collective advice from 26 brokerage firms places NIO Inc. (NIO, Financial) at an average rating of 2.5, denoting an "Outperform" classification. The rating scale spans from 1 to 5, with 1 indicating a Strong Buy and 5 suggesting a Sell recommendation.
Long-Term Valuation Perspective
From the standpoint of GuruFocus's proprietary metrics, NIO Inc. (NIO, Financial) boasts a one-year estimated GF Value of $14.35. This assessment suggests a remarkable upside of 328.2% from its present price of $3.3512. The GF Value represents GuruFocus's determination of the stock's fair trading value, calculated by examining historical trading multiples alongside past growth trends and future business performance forecasts. For extensive insights, explore the NIO Inc (NIO) Summary page.
