Nio Stock Has Just 12% Upside Now, According to 1 Wall Street Analyst [Yahoo! Finance]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
US:NYSE Investor Relations:
mizuho-fg.com/investors/index.html
Company Research
Source: Yahoo! Finance
But with China's EV market slumping, Wall Street is getting concerned. Analysts at Mizuho Securities opened the week by cutting their bank's rating on Nio's American depositary shares to "neutral," from "buy," with a price target suggesting only a modest upside. Mizuho cut Nio to "neutral" on concerns about slipping demand Mizuho's analyst Vijay Rakesh wrote that while the longer-term trend toward EVs remains intact in China and elsewhere, slipping demand and tightening liquidity are creating challenges for EV makers that will persist into next year. The bank's team sees EV sales decelerating faster than they had expected: They now forecast just 15% growth in 2024, down from 25% previously. In addition to the cut to "neutral," Mizuho lowered its price target on Nio's U.S.-traded shares to $5.50, suggesting the stock has only about 12% upside over the next 12 months or so. Nio had a solid 2023, but 2024 is very different so far While Nio's deliveries were up nearly 31% in 20
Show less
Read more
Impact Snapshot
Event Time:
MFG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MFG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MFG alerts
High impacting Mizuho Financial Group, Inc. Sponosred ADR (Japan) news events
Weekly update
A roundup of the hottest topics
MFG
News
- Japan's Nikkei extends early gains as BOJ holds rates steady [Yahoo! Finance]Yahoo! Finance
- Japan's Nikkei rises as chip shares rebound; BOJ decision in focus [Yahoo! Finance]Yahoo! Finance
- Atlassian (TEAM) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Decarbonization Partners Exceeds Fundraising Target With US$1.40 Billion Final Close for Inaugural Fund [Yahoo! Finance]Yahoo! Finance
- Rush for US Dollars May Be Around the Corner, Mizuho Says [Yahoo! Finance]Yahoo! Finance
MFG
Sec Filings
- 2/26/24 - Form 6-K
- 2/22/24 - Form 6-K
- 2/22/24 - Form 6-K
- MFG's page on the SEC website