NIO Stock Forecast 2023: Will NIO Stock Go Up?

2023/01/16By: L, Laura

NIO stock forecast 2023 overview: As per our prediction, NIO share price could test $20 by 2023, before reaching a high of $36 in 2025 and $70 in 2030.


 

NIO stock has been on a downtrend since February 2021. However, it continues to gain investor interest among the most searched stocks on the internet. For instance, there are numerous searches for “Is NIO a good stock to buy?” and “Can NIO stock reach $1 000?”. If you have struggled with these questions and are wondering whether it makes sense to invest in the NIO electric car stock, you have come to the right place for information.

 

In this article, we look at NIO’s current price and then make a NIO stock forecast for 2023. While it is not easy to predict how an individual stock can perform in months later, core fundamentals can guide you in the potential direction. By the end of this NIO forecast analysis, you should be in a position to determine whether NIO is a good investment for long term.

 

To help you decide whether NIO is a great stock to buy today, here are some key targets it could reach before the end of 2030:

 

  • End of 2023: Most analysts have highly optimistic NIO price target. According to our NIO stock forecast 2023, as stock markets improve, NIO could test the $20 target by the end of 2023.
  • End of 2025:By 2025, NIO will have perfected its manufacturing process and expanded its business to other countries. As per our NIO stock forecast 2025, it is expected to trade around $36.
  • End of 2030:With electric vehicles set to be the mainstay on roads by 2030, NIO stock price is likely to shoot up. Our NIO stock price prediction 2030 forecasts it to reach $70 by the end of

 

About NIO Stock

NIO Inc is a multinational EV manufacturer that is based in Shanghai, China. The company was founded in 2014 by Lihong Qin and William Li as NextEV. The company rebranded and relaunched in 2017, however, this time as Nio Inc, which is best known for its revolutionary take on batteries.

 

NIO Inc is involved in everything from the design to the production of a wide array of electric cars, especially electric SUVs. At the same time, the company is involved in the production of charging solutions and other aspects of the electric car value chain.

 

As one of China’s top 6 manufacturers, Nio Inc hit a major milestone in mid-2022 by delivering its 218,000th vehicle. It is expected to be one of the biggest competitors to top electric car manufacturers like Tesla (TSLA) going into the future.

 

Other notable NIO Inc competitors are as below:

  • Rivian Automotive (RIVN)
  • Honda Motor (HMC)
  • Lucid Group (LCID)

 

NIO Inc is often taunted as the Tesla of the electric car market. One of the main reasons it constantly makes it to the list of high-potential stocks to buy now is its core market. NIO is heavily focused on the Chinese electric car market, one of the largest EV markets in the world. As such, there are huge expectations that NIO’s stock price will increase as the demand for electric vehicles grows in China.

 

With the increased decoupling between the US and China, the odds are that NIO Inc could play a more important role in the Chinese market relative to foreign competitors. This could play into its revenues and value growth over time.

 

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NIO Stock News

The NIO stock price has remained under pressure even after Chinese companies continue their manufacturing process with the end of its Covid-zero strategy.

 

The most recent Nio stock news was the company’s deliveries. In a report, the company said that its deliveries increased by 60% year-over-year in the fourth-quarter. It delivered over 40,000 in the three months to December. In total, the company delivered over 122k cars in 2022, which was about 34% higher than in the previous year. The company has delivered over 289k cars and analysts believe that the trend will continue.

 

Second, Nio is also expanding its business in Europe.. It has already opened a battery swap station in Germany, where it expects to gain market share. The company has also launched two swap stations in Norway, one of the biggest EV countries in the industries. By 2025, Nio hopes to have more than 4,000 battery swap stations globally, with over 1,000 overseas.

 

Nio remained in a loss-making territory. Its net loss for the quarter was RMB 4.1 billion, a significant increase from what it made in the previous year. The statement added that:

 

“Net loss attributable to NIO’s ordinary shareholders in the third quarter was RMB 4.1 billion, representing an increase of 44.9% year-over-year 50.9% quarter-over-quarter.”

 

Meanwhile, analysts at UBS slashed the company’s guidance. In a note, Paul Gong said that the Chinese EV market was cooling down. There was also an unpredictable delivery time. In a note, he said:

 

“Despite three new models launched in 2022, Nio’s monthly sales volumes did not show obvious improvement, due to internal cannibalisation and limited differentiation, in our view.”

 

Key Factors that Affect the NIO Stocks Price

Fundamentals are the most important factors when looking to invest in a stock. Below are some of the core factors that could play into NIO’s price in short to long term.

 

  • EV Market growth. NIO is one of the largest electric vehicle companies in China. Demand for electric vehicles is the most important factor that affects the price of NIO. A great increase in vehicle deliveries could play well into the NIO value growth. In recent years the EV market has experienced substantial growth. If that growth continues and demand rises even further, it could have a positive impact on NIO stock price.

 

  • Competition. It is important to note that the EV industry has become increasingly competitive as new companies join the sector and established ones move into it. To remain competitive, NIO has to keep innovating and find a way to grow its market share. Possibly NIO’s biggest competitor is well known electric vehicle manufacturer Tesla. If it wants to succeed, it will likely have to fend off its competitors.

 

  • Manufacturing. NIO currently uses other companies for its manufacturing process. However, the contract with its current manufacturer runs up to 2024. If the deal is not extended, Nio will have to build its own factory, which will not only be costly, but will take a lot of time.

 

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Historical NIO Stock Price

To make an informed decision when investing in the stock market, it is always important to look at its price history. This can give you an idea of whether you are buying high or low. Of course, you also have to take a keen look at the fundamentals as they have a huge role to play in the price going into the future.

 

  • NIO Price at inception: NIO started trading in September 2018 and, at the time, was priced at $5.3.
  • NIO Highest Price: NIO hit an all-time high of $62.84 in February 2021.
  • NIO Lowest Price:NIO hit an all-time low of $1.51 in October 2019.

 

Like most stocks, NIO shares had its best time in 2020 and early 2021. However, it has since been on a downtrend, especially struggling all the way last year. The geopolitical issues, coupled with rising global inflation, have impacted NIO and many other stocks.

 

NIO Forecast: Technical Analysis

NIO stock chart

 

NIO stock price today is $11.80. NIO stock chart shows that the Nio share price has been in a strong bearish trend in the past few months to start 2023 at $9.75. The shares has once plunged to a low of $8.38, which was much lower than its all-time of almost $70. It has moved below the 78.6% Fibonacci Retracement level. It also declined below all moving averages. The MACD has moved below the neutral point.

 

Therefore, the stock will likely continue falling as sellers target the next key support level to watch will be at $5. A move above the resistance at $15 will invalidate the bearish view.

 

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NIO Stock Price Prediction 2023

So how high is NIO stock expected to go in the foreseeable future?

 

Most analysts have highly optimistic NIO price target. Although current macro conditions may not support significant price move in a very short period of time, NIO stock price is expected to see strong growth in couple of months later. Below is our NIO stock price prediction 2023 based on the fundamental and market analysis, as well as opinions from experts and analysts.

 


NIO Stock Forecast 2023

2023 has started with a great reset for electric vehicles. Most of them, including Tesla, have seen their share prices slump by double-digits.

 

Though analysts have mixed feelings about the NIO stock prediction 2023, most of them are bullish. These analysts have highly optimistic NIO price target and have a buy or hold rating on the stock, such as China Renaissance, Deutsche Bank, and UBS.

 

As per our forecast, NIO could test the $20 target by the end of 2023. While it’s not an astronomical move, it is still huge, given that NIO currently trades at $11.80. It would need a 70% dramatic growth to reach the target.

 

On the downside, according to Long Forecast, the Nio stock price may remain in a tight range in the next few months. They expect the shares to be below $8 at the end of 2023.

 

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NIO Stock Forecast – Potential Highs and Lows for 2023 and Beyond

The key factor to watch in NIO’s price action and NIO forecast is its growth in the Chinese market. China is currently the largest electric car market in the world. If NIO can record growth in this market, then its price could do well in the future.

 

However, like all other stocks, NIO’s price fluctuates at any given time. To help you get more predictable entry points, here are the potential highs and lows for NIO share price forecast.

 

YEAR HIGH LOW
2023 $20 $8
2025 $36 $22
2030 $70 $55

 

NIO Stock Forecast 2023 – Expert’s Opinions

To give you an idea of where NIO could go, we have compiled some analysts’ NIO stock prediction 2023.

 

According to HSBC analyst Yuqian Ding, NIO could end 2023 at $54. Ding said, “We estimate NIO’s 2023 volume growth at 79%, stronger than our growth forecast for China’s EV market (37%).”

 

CitiGroup analyst Jeff Chung is one of the more optimistic with a target of $87 for the year. Chung said, “Given their strong product offerings, we expect local brands to retain 65%+ market share in China NEV (new energy vehicles) sales in 2023-25E despite increased competition from the continued expansion of Tesla and other foreign brands, which began to grow their electric vehicle divisions in recent years.”

 

12 Wall Street analysts have issued 12 month price target for NIO. Their NIO stock price predictions range from $10.40 to $35.00. On average, they forecast the NIO stock price to reach $21.75 in the next twelve months. This average estimate suggests a possible increase of 84.3% from the stock’s current price at $11.80.

 

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NIO Stock Forecast 2023 Conclusion Is NIO a Good Stock to Buy?

With electric vehicles set to replace the internal combustion engine, there is no doubt that NIO, like other electric companies, could do well going into the future. Given rising EV penetration and the secular Chinese EV growth story, NIO stock is a good stock to own now and hold for the long term.

 

This article has looked at NIO stock price prediction 2023. We have used both fundamental and technical analysis to try and analyze how NIO could trade in 2023. From our research, we believe NIO could test $20 by the end of 2023, with a minimum price of around $8. Further, NIO stock price is expected to reach $36 by the end of 2025 and $70 by 2030.

 

FAQs


What is the 12 month price target for NIO?

So what is a good price for NIO? Based on analysts offering 12 month NIO price target in the last 3 month, the median NIO price target is $21.75, with a high estimate of $35.00 and a low estimate of $10.40. The median estimate suggests a possible upside of 84.3% from the stock’s current price at $11.80.

 

What is the 5 year forecast for NIO?

According to Coin Price Forecast, in five years, NIO stock is expected to be valued at $49.69 by 2028. Current projections say that NIO will end 2023 at around $20, and rise to reach $70 by the end of 2030 with a substantial growth of EV markets.

 

Is NIO a Buy Sell or hold? 

Is NIO stock a good buy right now? 12 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for NIO stocks. There are currently 9 buy ratings, 3 hold ratings and 0 selling ratings for the stock. The majority of Wall Street research analysts are recommending NIO as a Buy.

 

NIO stock forecast 2025 – What will NIO be in 2025?

Most crypto experts are bullish on NIO stock forecast 2025. All factors constant, there is a possibility that the Nio stock will see exponential price growth in 2025 as electric vehicles go mainstream.

 

Furthermore, the company will have perfected its manufacturing process and expanded its business to other countries by then. Therefore, NIO is expected to reach a maximum price of $36 that year based on our NIO stock price prediction 2025.

 

NIO stock forecast 2030 – Where will NIO be in 2030?

Though it is difficult to predict how a stock will perform in many years later, NIO stock forecast 2030 seems optimistic due to the company’s rapid growth.

 

With significant growth in 2030 through market share and product offerings, NIO stock price will be substantially higher than where it is today. Based on its historic performance, our NIO stock price prediction 2030 forecasts it to reach $70 by the end of 2030.

 

When is the next NIO earnings date?

The next NIO earnings date is scheduled to be March 23rd 2023, when the new quarterly NIO earnings report will be released.

 

How was NIO earnings report last quarter?

NIO announced its earnings results for last quarter on November 10, 2022. The company recorded a revenue of $1.83 billion and reported ($0.36) earnings per share (EPS) for the quarter. NIO stock had a negative trailing twelve-month return on equity of 32.66% and a negative net margin of 24.94%.

 


 

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