Thinking About Buying Stock In Nio, Xpeng, Li Auto Or Meta Platforms?

One of the most common questions traders have about stocks is “Why Is It Moving?”

That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why a stock is moving.

Analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders.

Analysts arrive at stock ratings by researching public financial statements, communicating with executives and customers and following industry trends.

Barclays analyst Jiong Shao initiated coverage on Nio Inc - ADR NIO Tuesday morning with an Overweight rating and announced a price target of $34.

Nio is trading flat at $24.01 in Tuesday's pre-market session.

Barclays analyst Jiong Shao initiated coverage on Xpeng Inc - ADR XPEV with an Overweight rating.

Xpeng is trading lower by 0.6% at $36.65.

Barclays analyst Jiong Shao initiated coverage on Li Auto Inc LI with an Overweight rating and announces price target of $32.

Li Auto is trading lower by 0.5% at $28.49.

KGI Securities analyst Freddy Chen downgraded Meta Platforms Inc FB from Outperform to Neutral and announces $270 price target.

Meta Platforms is trading lower by 1% at $222.60.

Photo courtesy of Nio.