NIO Downgraded by JPMorgan Chase to 'Neutral' Rating

NIO Inc., a pioneer in premium electric vehicles, has received a downgraded rating from JPMorgan Chase & Co. The firm reduced NIO's stock rating from 'overweight' to 'neutral,' with a target price of $4.50, indicating a potential upside of 11.11% from the stock's previous close.

This downgrade follows a mixed quarterly earnings report from NIO, which showed revenue of RMB32.14 billion ($4.74 billion), up 69.1% year over year, but missed consensus estimates.

NIO's CEO William Li has stated that Firefly will maintain a focused single-model strategy in 2027 while adding special editions and technology upgrades.