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NIO Upgraded To BUY By Lei Wang With $13.50 Price Target

NIO up over 20% from last week’s Bottom. Last week Friday, Goldman Sach analyst Fei Fang dropped a Sell bomb on NIO’s Stock, tanking the stock of the electric vehicle maker almost 20% from last week Thursday’s close.

Fast foward to today, everyone that bought the bottom which was around $10.5 last week Friday, should be up over 20% as at today’s closing.

At a point today, the stock was up almost 30%, if compared to last week Friday’s bottom.

NIO Stock Upgraded To BUY

Barrons reported that NIO Stock has been upgraded to BUY from HOLD by an analyst from a Chinese investment bank named China International Capital Corp…, or CICC.

The analyst known as Lei Wang had a HOLD on the electric vehicle maker’s stock until today. Wang upgraded his rating to BUY from HOLD and as a relatively bullish price target of $13.5, which is almost 150% massive rally from his previous price target of $5.50.

NIO Stock is getting covered more and more by new analysts and investment advisers.

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