Nio Shares Near 20-Month High After Soaring 120% in Three Months

Nio Shares Near 20-Month High After Soaring 120% in Three Months

Shares of Nio surged nearly 5% on Thursday, rebounding from earlier losses in the week and nearly touching their highest level since January 2024. Over the last few days, several Wall Street analysts raised price targets, production reportedly began at the Chinese electric vehicle maker’s third plant, and the profitability target was reaffirmed by the management. The stock climbed as much as $7.71 intraday before paring gains to close at $7.47, …