Brokers remain optimistic about NIO’s future. Two-thirds of analysts covering the stock rate shares Buy. The average Buy-rating ratio for stocks in the Dow is about 58%. What’s more, the average analyst price target is $46 a share, but that was set before the secondary announcement. Any adjustment for new shares would likely be small. Deutsche Bank analyst Edison Yu rates share Buy and has a $50 price target, even after the secondary sale. He wrote that the company didn’t need the money, but is adding “ammo to the war chest.” He said the recent stock pullback represented a “sanity check given valuations and a flood of issuance coming from EV-related SPACs.”