NIO Stock: Time To Be Bullish (Rating Upgrade)

News Snapshot:

Andy Feng Investment thesis My previous bearish thesis about NIO (NYSE:NIO) aged well, as the stock's performance has significantly lagged behind the broader U.S. market since early October. I doubted NIO's ability to meet its long-term growth projections due to unstable deliveries in the first nine months of 2023. However, the latest Q4 delivery data suggest that NIO is gaining strong momentum, and its last quarter's strong delivery numbers will likely lead to the upgrade in Q4 earnings consensus estimates. I also see several other strong positive catalysts, which made me more optimistic regarding NIO's prospects. Furthermore, my valuation analysis...