Goldman Sachs Nio Stock

American depositary receipts of nio inc.

Goldman sachs nio stock. Nio get report shares fell in premarket trading friday after goldman sachs analyst fei fang downgraded the stock for the second time in a month to sell from neutral this time on valuation. Nio shares are cooling off following a strong rally since reporting its monthly deliveries in early july the nio analyst. Goldman sachs is right. Furthermore goldman sachs analysts have a history of wrong calls.

On june 24 goldman sachs downgraded nio stock from buy to neutral at the same time goldman sachs analyst fei fang increased the target price from 6 4 to 7 0. By 2013 only one singular analyst on wall street was bullish on the stock which had now fallen from 8 at the start of 2012 to just around 2. Nio get report shares on wednesday fell after goldman sachs cut its rating on the chinese electric vehicle maker to neutral from buy though the firm raised its share price target to 7 from 6 40. Goldman sachs analyst fei fang downgraded nio stock from neutral to sell on july 17.

Nio 10 84 gained more than 15 on wednesday after analysts at goldman sachs upgraded the adrs to buy saying that liquidity risks that were challenging. Shares soared more than 15 during wednesday s session after goldman sachs upgraded the stock to a buy rating with a price target of 6 40 per share analyst fei fang cited abating. When the nio stock price was above 15. Goldman sachs analyst fei fang downgraded nio from.

But at 12 shares are fairly valued. Last june in a note to clients analyst david tamberrino lowered his price target on tesla to 158 from 200 his fourth downward revision of 2019 warning that his many of his peers on wall street are too optimistic in how they model the company s delivery volumes. Just look at goldman s stake in nio stock. As reported by the fly fang thinks that the stock price reflects over optimism he said that the stock.