Growth vs. GARP: Value Investors Should Buy Nio Stock Now
NIONIO(NIO) Investor Place·2024-07-17 18:44

Given Nio’s (NASDAQ:NIO) strong, recent growth, the low valuation of NIO stock and the high potential for its upcoming electric vehicles, I view its shares as a buy for value and growth-at-a-reasonable price (GARP) investors alike. Also likely to help the China-based automaker going forward are cost reductions spurred by its increasing utilization of robotics and Wall Street’s renewed respect for EVs.Strong Growth and a Bargain ValuationLast month, Nio’s deliveries soared 98% versus the same period a year e ...