for Nov. 2020 is $21.58 Nio soared over 50% yesterday and is climbing again today. overvalued. More importantly, there are strong indications that this turnaround will only gain momentum in 2020. No. Which processing technology is expected to hold major share of the medical plastic market in the U.S.? You can also contact MarketWatch Customer Service via our Customer Center. As the  huge  Nio turnaround persists into 2020, the fundamentals indicate that the stock can and will continue to run higher. Instead, I think that sustained high growth in 2020 will propel Nio up towards at least $4.50 over the next 12 months and maybe even higher. quotes delayed at least 15 minutes, all others at least 20 minutes. Cookie Notice. From AI system, total return is 703.47% from 566 forecasts. Research Methodology - U.S. Medical Plastic Market The research methodology adopted by analysts for combining the U.S. medical plastic market report is based on detailed primary as well as secondary research. cannot DOWN . Forecast for Nov. 2020 is $22.45 , for Oct. 2021 is $49.50 , for Oct. 2023 is $45.68 , for Oct. 2025 is $28.65 , and for Oct. 2030 is $8.10. Contact the source provider Comtex at editorial@comtex.com. Copyright © 2020 InvestorPlace Media, LLC. Article printed from InvestorPlace Media, https://investorplace.com/2019/12/strong-earnings-confirm-that-2020-will-be-a-good-year-for-nio-stock/. Copyright © It’s not even remotely close, Value stocks are poised to crush growth stocks after the presidential election, You can still claim Social Security spousal benefits — even if your spouse is gone, How cloud computing is contributing to one of the hottest IPO markets, Apple’s 5G iPhone launch has investors hoping for ‘unprecedented upgrade cycle’. The report offers intricate dynamics about the different aspects of the medical plastic market in the U.S. that aids companies operating in the market in making strategic development decisions. for Oct. 2030 is $34.8314470862889. Therefore, AI Pickup would say that Nio Inc Class A ADR (NIO) stock is The company’s  strong Q3 earnings confirm that Nio is in the midst of a huge turnaround and that this turnaround will continue into 2020. New York, Sep 17, 2020 (GLOBE NEWSWIRE via COMTEX) -- https://www.reportlinker.com/p05968757/?utm_source=GNW, Who is Europe rooting for in the 2020 election? Based  on a 16-times forward earnings multiple, which is average for the market,  and a 10% annual discount rate, that equates to a 2020 price target for Nio’s shares of nearly $4.50. Nio soared over 50% yesterday and is climbing again today. But by making high-quality, stylish, and technologically advanced cars that are second-to-none in the marketplace. ET Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. According to AI Pickup, the Nio Inc Class A ADR stock price forecast As of this writing, Luke Lango was long NIO. Historical and current end-of-day data provided by FACTSET. to accurately gauge its future development. , for Oct. 2025 is $26.19 All of these favorable trends will persist into 2020 for a few reasons. NIO is a new player in China’s EV market and therefore has only about a 1% share of the market. Fifth, its cost-cutting initiatives will continue to bear fruit and raise its profit margins. 2020 InvestorPlace Media, LLC. Since closing price on 2020-10-09 is $21.47 and Which application is the major consumer of medical plastic in the U.S.? This reality will emerge in 2020, and as it does, the huge rebound of Nio’s shares will continue. All rights reserved. Nio was once hyped as the Tesla (NASDAQ:TSLA) of China. Key Questions Answered in This report on U.S. Medical Plastic Market The report provides detailed information about the medical plastic market in the U.S. based on comprehensive research on various factors that are playing a key role in accelerating the growth potential of the market. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the medical plastic market in the U.S. to identify the opportunistic avenues of the business potential for stakeholders. be a good investment choice. Meanwhile, its operating loss margin narrowed significantly.

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