NIO Maintained At Outperform By CICC With HK$55 Target

CICC maintained NIO's Outperform rating and HK$55 target price, according to ETNet. The broker said NIO remained profitable for a third straight quarter in the second quarter of 2026 despite headwinds, but its net loss on paper and loss per vehicle widened quarter on quarter. It valued the stock using a price-to-sales approach, linking its 2027 forecast revenue per share to a 0.8 times average forward price-to-sales multiple for peers over the next three years. CICC said the valuation is 50% below NIO's average price-to-sales ratio since 2023, reflecting expectations for slower growth in China's domestic auto market and intensifying competition in the premium segment.