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<Research>Deutsche Bank Raises NIO-SW's TP to HKD80, Cuts Full-Yr Net Loss Forecast
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NIO-SW (09866.HK) officially commenced pre-sales of the ES9 on April 9 with a starting price of RMB528,000, according to a report from Deutsche Bank. Deliveries of the new model are expected to begin at the end of May. Anticipating that average monthly sales of the ES9 will reach about 5,000 units after production capacity ramps up in 2H26, Deutsche Bank has axed its 2026 full-year net loss forecast for NIO-SW by 49.6% to RMB3.665 billion. NIO-SW's target price has risen from HKD76 to HKD80, with a Buy rating remaining in place. Auto-translated by AI AASTOCKS Financial News |
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