Nio is trading at $5.12 (4.5% up) after Goldman Sachs upgraded the stock to Buy with a $7.00 price target, citing a positive outlook for growth and cash generation.
- Goldman Sachs expects strong 2026 volume growth and a significant profit turnaround for the electric vehicle maker.
- Analysts highlighted improving free cash flow as a key driver for the company's improved long-term valuation.
- The stock is outperforming the broader automotive sector, which is currently experiencing general market weakness.