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Should You Buy Nio Stock on the Dip?


Fool.com contributor Parkev Tatevosian answers if (NYSE: NIO) stock is a buy at this lower valuation.

*Stock prices used were the afternoon prices of June 5, 2024. The video was published on June 7, 2024.

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Source Fool.com

NIO Inc. Stock

€6.21
-0.620%
NIO Inc. shows a slight decrease today, losing -€0.038 (-0.620%) compared to yesterday.
Based on 2 Buy predictions and 1 Sell predictions the sentiment towards NIO Inc. is rather balanced.
On the other hand, the target price of 6 € is below the current price of 6.21 € for NIO Inc., so the potential is actually -3.44%.
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