Jefferies Financial Group Cuts NIO Price Target to $38.80.
This is just another example of why I am not a fan of analyst price targets.
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Jefferies Financial Group Cuts NIO Price Target to $38.80 after Nio stock price dropped to $35. Just a month ago they had a price target of $60 per share. No one has a crystal ball and can make a Nio stock price prediction or any other stock price prediction with any degree of accuracy when measured objectively. No news at all has come out in the last few weeks that should change your opinion on the future prospects of Nio as a company. Price target are all about getting attention and are not useful to a long term investor trying to build wealth. This firm and most others are more likely to be responding to the recent tock market crash or stock market correction in the NASDAQ
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