goldman sachs own nio stock

That’s why NIO stock is the much better bet in the long-run. All rights reserved. As a part of this commitment, the government is targeting 25% sales penetration for zero-emission vehicles by 2025. China’s auto market is the largest in the world. However, the investment community's recent indifference toward this stock isn't a reason to write it off as an opportunity. ': Missing ring-tailed lemur found on church playground, returned to San Francisco Zoo, America's most successful employee-owned companies, Electric vehicle stocks may be too hot to touch right now. Buy the dip if shares drop back towards $10. Not yet. Goldman estimates Nio's market share of premium vehicles at 1.2% in 2020. With a current population of 1.393 billion, how many car sales do you think this will create? The Nio Analyst: Goldman Sachs analyst Fei Fang downgraded Nio from Neutral to Sell and reiterated the $7 price target, suggesting 46% downside from current levels compared to the 16% drop for China OEMs the firm covers. NIO stock price up above $15 did reflect far too much optimism with respect to the company’s realistic growth prospects. That’s because Chinese consumers tend to have an affinity for luxury products. 1125 N. Charles St, Baltimore, MD 21201. In the short term, the analyst expects capital injection at Nio China to fund its 10-billion-yuan cash burn in the next two years. Until then, maintain equal-weight exposure. By my numbers, NIO stock is in fairly valued to slightly overvalued territory here. But, it is to say that the stock — which was terribly undervalued coming into the year — is now fairly valued, so further near-term upside is limited by valuation friction. NIO officially launched the EC6, a 5-seater smart premium electric Coupe SUV, in December 2019 and plans to commence deliveries in 2020. View the Latest Analyst Ratings. Especially in a highly volatile name like NIO. With its manageable debt load, the company should be more than able to ride out today's headwinds. Several Fundamental Risks Overlooked As Tesla Approaches $2,000: Morgan Stanley, Chinese EV Manufacturer Li Auto Files For Nasdaq Listing, View More Analyst Ratings for NIO Granted, it's no slam-dunk. Show full articles without "Continue Reading" button for {0} hours. Given this history of volatility — coupled with Covid-19 macroeconomic volatility as well as volatility inherent to China’s auto market — it is quite likely that this isn’t the last time NIO stock sells off in a big way. As I’ve said countless times before, NIO projects to be a leader in what will one day be a huge premium Chinese EV market. But, as things slowly return to normal, shares in the drivetrain and engine parts supplier have doubled off their March selloff lows. Goldman Sachs GS is scheduled to report earnings before Wednesday’s open. Unveiled at the NIO Day Event held on December 28, 2019, the EC6 is deemed as the coupe version of the ES6 SUV. NIO stock price up above $15 did reflect far too much optimism with respect to the company’s realistic growth prospects. Brookfield Asset Management reduced stake in GrafTech International Ltd. Intuitive Surgical, Inc.’s (ISRG) CEO Gary Guthart on Q3 2020 Results – Earnings Call Transcript, Asian Stocks Mixed on COVID Fears, New China Law, Nikkei flat as coronavirus resurgence in Europe hits sentiment, Third-Quarter Option Trades Review – Things Were Calmer, Defensive Nature of Asian Stocks Set to Play Out, Says Nipun's Malik, Asian shares perk up on China gains, virus woes linger, Losing Streak Tipped To Continue For Thai Stock Market, Ford’s third-quarter China car sales rise 25% year-on-year to 164,352 units, S&P 500 Futures snap three-day downtrend despite boring Trump-Biden talks, Continued Consolidation Called For Indonesia Stock Market, Dow Jones Rebounds on Stimulus Hopes, Nikkei 225 May Lead Asia Lower, Eerie Nasdaq Fractal Predicts Bitcoin Is About to See Its Next Leg Higher. The analyst team said that the NIO stock price reflected “over-optimism.”. Until then, maintain equal-weight exposure. All growth investors should have some NIO in their portfolio. Down below $13, some of that optimism has been sapped out. That’s mostly due to NIO’s deep technology portfolio, impressive early traction in the market, strong brand equity and unique approach with battery-swapping which resonates with urban Chinese consumers. NIO Inc. is a pioneer in China’s premium smart electric vehicle market. I see Tesla and NIO as being the only two relevant players in that market and surmise that they will split the market. Assuming so, you’re talking about 10% operating margins on $16 billion in revenue, or $1.6 billion in operating profits. Concurrent to this robust government support for EV adoption, consumers globally are pivoting towards socially and environmentally positive products and services, which is creating a rising demand tide for EVs. As of this writing, he was long NIO. Gallery: 5 Auto-Parts Stocks to Buy That Could Rev Up Your Returns (InvestorPlace). When it comes to NIO stock, electric vehicles in China are the future. To levels around $12.40 today. If you have an interest in the lucrative microcap sector, sign up to Insider Financial today! The analyst team said that the NIO stock price reflected “over-optimism.”. Under this new policy, NIO is the biggest beneficiary as they are the only premium EV company with battery swap services. As I’ve said countless times before, NIO projects to be a leader in what will one day be a huge premium Chinese EV market. How do you think investors are doing right now if they listened to Goldman Sachs? Goldman Sachs is right. Assuming so, NIO could be looking at 400,000+ deliveries by 2030. Copyright © 2020 InvestorPlace Media, LLC. This firmly removed any bankruptcy risks for investors in NIO stock. Even as markets rebound, auto-parts stocks remain far below past highs. It mainly provides parts and components to those repairing and accessorizing their vehicles. The CBOE Volatility Index, or VIX, is an index created by the Chicago Board Options Exchange (CBOE), which shows the market's expectation of 30-day volatility. We wrote this article ourselves and it expresses our own opinions. The Apple Card is GOLDMAN SACHS. Basics Of Banking, And Wells Fargo Vs. Bank Of America, Fosun International US dollar bond successfully priced, Sensex, Nifty Modestly Higher In Early Trade, Fresenius Medical Care’s Unexciting Capital Markets Day, Trump or Biden Can’t Derail Swedish Asset Manager’s Equity Bet, Former Takata plant shipped 9 million seat belts in Japan with inaccurate data: Nikkei, Former Takata plant shipped 9 mln seat belts in Japan with inaccurate data – Nikkei, Brokerage for long term (20years investing), MercadoLibre: A Must-Own For Growth Investors, Ford’s third-quarter China sales rise 25% year-on-year to 164,352 vehicles. Westwater Resources: A Play on Tesla and Trump, Giga Metals (HNCKF) And Nickel Can Power Tesla, Boxlight Stock: The Best Bet In Online Education. I need the equity research reports for 2 public companies, China stocks set for weekly rise on upbeat data, policy support, Japan will not join U.S. plan to bar China from telecoms networks: Yomiuri. These ratings and price targets were collected from public media reports and are believed to be accurate, but cannot be verified with 100% certainty. If it does, buy the dip. Benzinga does not provide investment advice. So, in China, those who can afford a premium EV, will likely buy a premium EV. © Source: Jonathan Weiss / Shutterstock.com. Are They Right? By about 25%. That’s because Chinese consumers tend to have an affinity for luxury products. Furthermore, the subsidy to purchase EVs under 300,000 yuan does not apply to manufacturers that use swappable batteries. When it comes to Goldman Sachs and old Wall Street, ignore the noise. Investing is the act of allocating resources, usually money, with the expectation of generating an income or profit. The participating banks are China Construction Bank, ICBC, Bank of China, Agricultural Bank of China, Industrial Bank, and China Merchants Bank, according to Bloomberg. The author holds no position in the stock(s) mentioned except through passively managed index funds. Stocks like CCL (COVID destroyed) like gold? Create one. All in just two years. Goldman Sachs Group Analyst Recommendations & Stock Picks (NYSE:GS) This page lists the most recent publicly-reported stock recommendations and ratings issued by analysts at Goldman Sachs Group. A daily collection of all things fintech, interesting developments and market updates. We are not receiving compensation for it. Big picture: China’s premium EV markets projects to be huge, and NIO projects as one of the leaders in the market. Market manipulator and the world’s number one insider trader Goldman Sachs just lowered its rating on NIO stock from a Hold to a Sell and assigned a $7 price target. We have no business relationship with any company whose stock is mentioned in this article. Just look at Goldman’s stake in NIO stock. Everything you need to know about the market - quick & easy. In that huge EV market, the premium vertical will be large. According to Goldman Sachs, the future looks bright for this name. Last week, NIO announced first quarter revenue that fell 53.2% to $193.76 million, beating consensus estimates by $18.16 million, while GAAP EPADS came in at -$0.23, beating consensus estimates by one cent per share. Just look at what NIO stock price has done since the company has been public. Report: Goldman Sachs in Danger of Missing 2020 Financial Targets Goldman Sachs Reportedly Renews Contract With Snowflake 5 Real Estate Stocks … NIO stock price up above $15 did reflect far too much optimism with respect to the company’s realistic growth prospects. 12 Consumer Cyclical Stocks Moving In Wednesday's Intraday Session, 44 Stocks Moving In Wednesday's Mid-Day Session, Stocks That Hit 52-Week Highs On Wednesday, Benzinga's Top Upgrades, Downgrades For October 14, 2020, JPMorgan Sees Nio As Attractive Long-Term Bet In Fast-Growing Chinese EV Market, 35 Stocks Moving in Wednesday's Pre-Market Session, Hedge Funds Took Short Positions In February Based On Private NEC Briefings: NYT, Privacy Policy / Do Not Sell My Personal Data. Also, strong results in the next few quarters could get investors excited again for this under-the-radar stock. Although NIO’s long-term growth prospects are huge, valuation always matters, and the team at Goldman Sachs is right — the valuation on NIO stock price shot into over-optimistic territory. That number will grow over the next decade to 26.5+ million with population growth and urbanization trends. Because China’s auto market is the largest in the world, this significant ramp in China EV penetration implies that China’s EV market will one day be the largest EV market in the world, too. So, in China, those who can afford a premium EV, will likely buy a premium EV. A Caltech graduate, Luke has consistently been rated one of the world’s top stock pickers by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. It’s gone from $10, to $6, to $11, to $1, to $15, to $12. Unsubscribe Anytime. That implies 800,000 premium EV annual deliveries by 2030. Insider Financial focuses solely on short-term high probability trade opportunities. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began deliveries in June 2019. 3 Reasons to Inject Your Portfolio with Sorrento Therapeutics, Matt McCall and the InvestorPlace Research Staff, Buy Piedmont Lithium Stock Now for Unique EV Exposure, Louis Navellier and the InvestorPlace Research Staff, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, 7 Elections Stocks You Definitely Want To Avoid Leading up To the Big Vote, 7 Value Stocks To Buy Today For Security And Consistency, Despite Its Huge Run-Up, Hyliion Stock is Still a Long-Term Buy, 7 Big Tech Stocks to Buy for Blockchain and Crypto Exposure, Exxon Mobil Stock Is Still a Buy and for the Right Reasons.

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