Nio Inc. ADR (NIO) Upgraded to 'Overweight' at JPMorgan on Strong Vehicle Demand

Nio Inc. (NYSE:NIO) is one of the best Robinhood stocks to buy right now. On August 26, analysts at JPMorgan upgraded the stock to an ‘Overweight’ rating and set a price target of $8, buoyed by strong demand for the company’s new SUVs and a series of upcoming events.

The investment bank expects the upcoming Nio Day and Guangzhou Auto Show to have a positive impact on sales, further lifting the stock. The remarks come as the stock has rallied by about 25% in August alone, outperforming other Chinese EV makers.

JPMorgan expects Nio’s vehicle deliveries to increase by up to 50% in 2025, driven by strong demand, and by 47% in 2026. The growth will come as the EV maker expands its product lineup across the Nio, Onv, and Firefly brands.

Nio Inc. (NYSE:NIO) designs, develops, and sells premium smart electric vehicles (EVs), distinguishing itself with technologies such as battery swapping and autonomous driving, while fostering a user community. The company also offers charging services, vehicle internet connectivity, and operates a lifestyle and design brand, NIO Life, aiming to provide a comprehensive, innovative EV ecosystem that extends beyond the vehicles themselves.

While we acknowledge the potential of NIO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 13 Best Long-Term Stocks to Invest in According to Warren Buffett and 12 Best Mid-Cap Value Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.