12:50 AM EST, 11/26/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our unchanged target price of USD6.50 implies a 2026 P/S of 1.0x (five-year mean: 3.9x), based on our projected slower revenue growth (vs. five-year revenue CAGR through 2024). We project NIO's revenue to rise 32%/33% in 2025/2026, assuming the number of car deliveries will increase 47%/40% in 2025/2026, supported by new models and facelifts, as well as penetration into new markets. We also forecast other revenue to grow 50%/35% in 2025/2026, underpinned by an expanding vehicle base. We anticipate non-GAAP net losses to narrow in 2025/2026, supported by an improved product mix, enhanced operating leverage, and better cost efficiencies. We revise our LPADS estimates to CNY5.90 from CNY7.75 for 2025 and CNY0.51 from CNY6.00 for 2026. This adjustment reflects a switch to a non-GAAP basis and incorporates improved profitability expectations.