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