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Why Nio Stock Is Surging Today

TheMotleyFool

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Electric vehicle stock Nio (NYSE: NIO) jumped Thursday morning, rallying 7.5% by 11:45 a.m. EDT after a huge analyst upgrade.

Goldman Sachs upgraded its rating on Nio stock to buy with a price target of $56 a share, representing a whopping 66% upside from the stock's Wednesday closing price.

Nio electric sedan ET7 on display. Image source: Nio.

Source Fool.com

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