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Nio: Big Year at the Gate

With 2021 drawing to a close, it has been a disappointment for Nio (NIO) investors, with shares down 18% on a year-to-date basis. However, following talks with NIO’s CFO, Mizuho analyst Vijay Rakesh is confident 2022 will be a “big year” for the company dubbed the Chinese Tesla. Rakesh reiterated a Buy rating on NIO shares along with a $65 price target. This target brings the upside potential to ~61%. (To watch Rakesh’s track record, click here) So, what’s behind the exuberant take? Well, first

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