NIO’s US-listed shares fell on Friday following the release of first-quarter results. Revenue grew 112.2% compared to the previous year. The company reported its second consecutive quarter of adjusted profitability. Management warned that rising costs for batteries, memory, and metals would impact margins.
Bank of America analyst Ming-Hsun Lee increased the price target to $6.80. This represents a rise from the previous $6.70 target. Lee maintained a Neutral rating, balancing a strong product pipeline against sector-wide cost inflation. NIO issued positive delivery guidance for the second quarter despite the stock's decline.