NIO Inc. drew a Hold rating from the 13 brokerages currently covering the stock, with Wall Street split almost evenly between caution and optimism. On Friday, the U.S.-listed shares opened at $6.27.

The latest tally shows two analysts rate the stock a sell, four call it a hold and seven recommend buying it, leaving the average one-year price target at $6.80. That estimate sits only modestly above the opening price and suggests a market still trying to decide whether NIO’s latest run of deliveries can translate into a cleaner case for the nio stock.

That debate comes as NIO reported 29,356 vehicle deliveries in April 2026, bringing year-to-date deliveries to 112,821. The company has been trying to push beyond the impression of a single-brand electric vehicle maker, and the source notes a plan to bring its Firefly brand to Australia ahead of 2027.

The recent analyst mix reflects a series of small but notable rating changes over the past two months. Bank of America reaffirmed a neutral rating on March 10, Nomura upgraded the shares the next day to buy and set a $6.60 target price, Dbs Bank moved to a moderate buy on March 16 and Weiss Ratings reissued a sell rating on May 1. Macquarie Infrastructure also upgraded the stock to outperform earlier in the year and assigned a $6.10 price objective.

That split matters because the stock has already moved through a wide range in the past year. NIO has a market capitalization of $14.39 billion, a beta of 0.97 and a negative P/E ratio of -6.46. The shares have traded as low as $3.34 and as high as $8.02 over the last 52 weeks, while the 50-day moving average sits at $6.00.

The numbers leave NIO in a familiar position: enough delivery growth to keep analysts engaged, but not enough clarity yet to pull the group decisively in one direction. For now, the stock sits near the center of its recent range, and the next test is whether the company can turn those delivery figures into a stronger case for the year ahead.