- Nio stock price has risen sharply in February 2026, gaining nearly 10% in the last month
- The company recently announced a historic first adjusted profit forecast, between $100 million and $172 million
- Macquarie recently raised Nio stock forecast to $6.10
Nio stock (NYSE: NIO) had a tough 2025, and that momentum was recently on display, as it slid from $5.38 at the beginning of the year to below $4.40 by early February. But it’s quietly bounced back, gaining over 9% in the last month. This isn’t just hype; there’s real substance behind the move. Still, let’s look at what’s changed and what hasn’t before we get too excited.
What’s Powering Nio Stock Price Rally
Two things are key. First, Nio annoinced in early February that they expect their first adjusted operating profit for Q4 2025, somewhere between $100 million and $172 million. The stock jumped 10% on that news. Given the past years of losses, this was big news for investors.
How is Nio’s 2026 Different from 2025
The 2025 narrative focused on survival, primarily premised on whether Nio could continue to lose money while Onvo and Firefly, two new sub-brands, established themselves. The story from 2026 has a different structure. In contrast to 2025, which focused on volume despite losses, Nio’s 2026 outlook is focused on profitability and expansion. According to Yahoo Finance’s January 9 report, the company aims for full-year non-GAAP profitability and 40–50% delivery growth to almost 500,000 units.
Five new models and the Onvo L90 launch will help this happen. However, challenging consensus optimism, tariff risks and subsidy cuts could be a problem, with Mexico’s EV tax credit expiration in 2030 affecting long-term growth.
What’s really different is the product mix and profit margins. Macquarie upgraded Nio stock forecast to $6.10, raising its 2026 delivery forecast by 7% to 451,000 vehicles. Notably, the analysts highlighted that over 80% of Nio customers lease their battery through their Battery-as-a-Service (BaaS) model. This protects Nio from lithium cost changes, where rivals are still exposed to commodity swings.
The Profit Alert Isn’t the Whole Story
The market might be jumping the gun a bit. The Q4 profit is good, but it doesn’t include all costs, like the battery-swap network. Nio’s net margin is still at -30.79%. Also, most people think a slowing Chinese economy will hurt EV sales.
Trade tariff struggles between the U.S. and China still weigh on the stock, even if the business gets better. In Europe, regulations and investigations could mean tariffs on Chinese imports. Plus, the company just recalled 246,000 cars due to software problems, showing that growing fast can have its issues.
Nio Stock Price Forecast
Nio stock price is currently pivoting at $5.08, and the RSI near 55 signals bullish control. Its primary resistance is at 200-day SMA at $5.24. A break past that level will create a way to target YTD highs of $5.40. The lower side has the first support at psychological $5.00. A break below that will invalidate the upside narrative and potentially lead to further selloff targeting $4.91.
Nio stock on the daily chart with support and resistance levels on February 27,2026. Created on TradingView
The company’s Battery-as-a-Service model is quite underappreciated. Since over 80% of customers lease batteries, Nio is protected from lithium price changes, a big advantage that often gets missed.
The company is now focusing on profitability with 40-50% delivery growth and five new models. This contrasts 2025’s volume emphasis amid losses, but subsidy cuts pose risks.
International protectionism is the biggest risk. Tariffs in Europe and trade barriers could stop Nio’s global plans, making them rely on China where domestic competition is stiff.