-Shares of Chinese electric-vehicle ( EV
) maker Nio
) are about 30% below January 2021 highs. But investors still might think it's too late to buy shares, as the stock is still up 260% from one year ago, and just under 1,000% higher since the start of 2020.
-Though the company is making progress toward profitability, Nio
is still recording net losses. With a market cap of over $70 billion, there is already much future success built into the company's share price.
-Target Price: $31