Investing
NIO (NIO) Stock Price Prediction and Forecast 2025-2030
Published:
Last Updated:
NIO (NYSE:NIO) is one of the hottest EV car companies in the world and a top 10 largest in the world (3rd largest in China). NIO stock made its debut on the New York Stock Exchange on September 12th, 2018, at $6.26 per share.
Within 3 years of trading, NIO stock hit an all time high of $62.84 in February 2021 before plummeting 91.58% to today’s price of $5.29 per share.
While the share price run-up in early 2020 was purely a momentum push, NIO brand in the EV market was not tarnished. In fact, the car company is still seen as a premium EV player and one of the first companies to address range anxiety issues by creating battery swap technology as a supplement to charging.
24/7 Wall Street aims to provide readers with our assumptions about the stock’s prospects going forward, what growth we see in NIO stock for the next several years, and what our best estimates are for NIO’s stock price each year through 2030.
9/23/2024
As of today, NIO has reached 4,000 charging stations in China. NIO currently has 2,527 battery swap stations in China and over 50 in its five European markets.
9/19/2024
NIO officially launched its new electric SUV, the Onvo L60, in China. This marks the debut of NIO’s new mass-market brand, Onvo, and positions the L60 as a direct competitor to Tesla’s Model Y. Starting at just $21,200 (149,900 yuan), the L60 is significantly cheaper than its pre-sale price.
9/17/2024
NIO closed at $5.30 in the latest session, which was -2.70% compared to its previous closing price of $5.55.
9/16/2024
NIO is continuing its European expansion by introducing its flagship sedan, the ET7, to the streets of Amsterdam, Netherlands. The company has partnered with Blueplates, an online platform for taxi drivers, to provide the ET7 to taxi drivers and chauffeurs. This partnership will allow these drivers access to NIO’s battery-swapping technology throughout the Netherlands.
9/12/2024
According to HSBC Global Research’s recent report, NIO reported a net loss of RMB5.1 billion for Q2, slightly weaker than the broker’s previous forecast. This is believed to be due to the underestimation of marketing expenses for its newer car models. However, NIO’s 2Q gross profit margin was recorded at 9.7%, with a QoQ increase of nearly 5 ppts. The report expects NIO’s profit margins to continue to improve with supply chain cost optimization as well as scale and efficiency enhancement.
9/11/2024
Today Herbert Diess, former CEO of Volkswagen, met with William Li, the founder and CEO of NIO.
9/10/2024
NIO experienced a slight decline of 1.62% today, closing at $5.48. This marks the end of a seven-day winning streak for the stock. The overall market was mixed, with the NASDAQ Composite Index rising and the Dow Jones Industrial Average falling.
9/6/2024
NIO’s stock price rose by more than 14% yesterday after the company reported a record revenue of $2.4 billion in the second quarter — much higher than what analysts were expecting. NIO’s quarterly loss shrank by 16.7% compared to the same period last year, and the profit margin for each vehicle sold improved to 12.2% from 6.2% a year earlier thanks to cost reduction efforts.
NIO aims to deliver between 30,000 and 30,000 cars per month and expects the profit margin for each vehicle sold to grow even more in the second half of the year, reaching as much as 15% in the fourth quarter.
9/5/2024
NIO announced impressive second-quarter results today. The company delivered a total of 577,694 EVs, which is a significant increase of 143.9% compared to the same time last year. In addition, the company’s revenue reached RMB 17.446 billion ($2.4 billion), slightly exceeding analysts’ expectations.
9/4/2024
All eyes are on NIO as the company is expected to release its quarterly earnings report tomorrow morning. Revenue is expected to be $2.44 billion, which is a 35.6% increase from last year. The company is also expected to report a loss of $0.33 per share, which is a 102.8% increase from last year.
The following is a table of NIO’s revenues, operating income, and share price for the first few years as a public company.
Here’s a table summarizing performance in share price, revenues, and profits (net income) from 2014 to 2018.
Share Price (End of Year) |
Revenues (CNY) | Operating Income | |
2018 | $5.39 | 4,951.2 | (9,595.6) |
2019 | $3.45 | 7,824.9 | (11,079.2) |
2020 | $40.00 | 16,257.9 | (4,607.6) |
2021 | $16.70 | 36,136.4 | (4,496.3) |
2022 | $7.87 | 49,268.6 | (15,640.7) |
2023 | $4.71 | 55,617.9 | (22,655.2) |
Revenue and operating income in Billion CNY (1CNY=.14 USD)
Now let’s take a look at Rivian (NASDAQ:RIVN) the first few years it was a publicly traded company (here is Rivian’s stock price forecast):
Share Price (End of Year) |
Revenues | Operating Income | |
2021 | $50.24 | $55.0 | ($4,220.0) |
2022 | $19.30 | $1,658.0 | ($6,856.0) |
2023 | $10.70 | $4,434.0 | ($5,739.0) |
TTM | $15.35 | $4,997.0 | (5,790.0) |
The revenue growth for both firms is similar but Rivian’s operating loss is more than double the yearly operating loss of NIO.
NIO formerly contracted its manufacturing to Jianghuai Automobile Group, paying a fee for each vehicle produced in addition to fixed cost. They have since acquired the factory from JAC. This agreement is beneficial for a young start-up in a very capital-intensive market. However, when scale is reached, the variable cost model has its downsides.
Year | Revenue | Shares Outstanding | P/S Est. |
2025 | 97,052 | 2,050 mm | 1x |
2026 | 114,172 | 2,050 mm | 1x |
2027 | 134,643 | 2,050 mm | 1.5x |
2028 | 257,634 | 2,050 mm | 1.5x |
2029 | 176,533 | 2,050 mm | 1.5x |
2030 | 189,548 | 2,050 mm | 2x |
Revenue in CYN millions
Compared to Rivian and Tesla, NIO’s price-to-sales valuation will be moderately discounted. While NIO is in solid financial standing and has a premium brand image, it’s still uncertain how much competition the company will face in China and expanding overseas. The company is already spending a quarter of revenues on R&D and if NIO can’t capitalize on this spend, the stock price will be sluggish compared to North American EV manufacturers.
Wall Street analysts have NIO’s stock price over the next year to be $6.94 which gives the stock a 31.19% upside over today’s price of $5.29. Of the 26 analysts covering the stock, the consensus recommendation is a 2.07 ‘Outperform’ Score.
We expect to see revenue growth of 60% for 2025, with a price-to-sales multiple of 1x, which puts our price target at $6.63, an upside of 25.33%.
Going into 2026, we estimate the price to be $7.80, with another strong 50%+ revenue bump. However, with EBITDA still well in the negative, we see the market not rewarding the stock as much and giving it a lower valuation multiple, resulting in an upside of 47.45%.
Heading into 2027, we expect the stock price increase to leap forward to $13.80 with another strong 50%+ revenue growth year-over-year. That is a 97% year-over-year gain and up 160.87% from today’s stock price.
When predicting more than 3 years out, we expect NIO’s P/S ratio in 2028 to be 1.5x and top-line growth of 50%. In 2028, we have NIO’s revenue coming in around $36 billion, suggesting a stock price estimate at $26.39 or a gain of 398.87% over the current stock price.
24/7 Wall Street expects NIO’s stock to continue its revenue growth and to generate $25 billion in revenue. The stock price in 2029 is estimated at $18.08, or a gain of 241.78% over today’s price.
We estimate NIO’s stock price to be $25.89 per share. Our estimated stock price will be 389.41% higher than the current stock price.
Year | Price Target | % Change From Current Price |
2024 | $6.94 | Upside of 31.19% |
2025 | $6.63 | Upside of 25.33% |
2026 | $7.80 | Upside of 47.45% |
2027 | $13.80 | Upside of 160.87% |
2028 | $26.39 | Upside of 398.87% |
2029 | $18.08 | Upside of 241.78% |
2030 | $25.89 | Upside of 389.41% |
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.