5 Most Promising Chinese Stocks According to Analysts

2. NIO Inc. (NYSE:NIO)

Number of Hedge Fund Holders: 26

Average Upside Potential as of February 13: 65.96%

NIO Inc. (NYSE:NIO) is a premier Chinese EV manufacturer and is one of Wall Street analysts’ most promising Chinese stocks to buy now. The company offers five, six, and seven-seater electric SUVs and smart electric sedans. On February 1, the company announced its vehicle delivery results for January 2023. The company successfully delivered 8,506 electric vehicles in January, of which 2,190 were electric SUVs and 6,316 were electric sedans.

As of December 27, Morgan Stanley analyst Tim Hsiao has a $16.10 price target and an Overweight rating on NIO Inc. (NYSE:NIO). Over the past 3 months, NIO Inc. (NYSE:NIO) has received 8 Buy ratings and 3 Hold ratings from Wall Street analysts. The stock has an average price target of $17.11 which represents an upside potential of 65.96% from current levels.

At the end of the third quarter of 2022, 26 hedge funds were long NIO Inc. (NYSE:NIO) and disclosed positions worth $518.9 million in the company. As of December 31, Electron Capital Partners is the top investor in the company and has a stake worth $61.4 million.