TheTradingStar

$NIO #NIO Bullish Staircase $40-50 Medium Term, Next Year $100+

Long
NYSE:NIO   NIO INC
-Possibly range bound at between 28-31 until around earnings and October Deliveries for the next leg up to $38-40 in the short term.

- Medium Term Target $40-50 still holds

-I expect next year to reach $100 plus with the company's foreseeable business outlook and new developments, production capacity expansion, and new Sedan in the works for 2021.

-An even Higher price target will be determined with Suning partnership update, continual battery swap station network expansion, its patented 5G for its vehicles, Europe launch in 2021, full autonomous driving with Intel Mobileye robotaxis in 2022.

-Any new development plans will further will be an added value increase to company's market capitalization.



Comments

I literally “bought the T Shirt”
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Totally agree
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Are you affiliated with NIO?
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iridethistrain iridethistrain
@iridethistrain Anyway, I like NIO, but isn’t this growth a bit too fast?
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