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<Research>Deutsche Bank Trims NIO-SW's TP to $71; 2024 Loss Worse Than Expected
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NIO-SW (09866.HK) (NIO.US) recorded a net loss of RMB22.66 billion last year, marking an increase of 7% YoY, worse than the market's forecasted loss of RMB20 billion, according to a Deutsche Bank report. Considering NIO-SW's 2024 net loss was worse than expected, Deutsche Bank raised its 2025 net loss forecast for the company by 64.8% to RMB18.9 billion. The broker chopped its target price for NIO-SW from $73.8 to $71, with a Buy rating. AAStocks Financial News |
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