If Nio matches analysts' estimates through 2026, grows its revenue by another 20% in 2027, and trades at a reasonable 4 times sales, its stock could rise nearly 500% from its current price. That would be an incredible three-year gain, but it would still fall short of the near-870% gain required to revisit its all-time high from early 2021.

NIO's growth is driven by increasing vehicle deliveries, battery-as-a-service plans, and international expansion. Read why NIO stock is a Buy.

Nio’s U.S.-listed stock shot up toward another double-digit gain on Monday, after a disclosure of a new big investment and a continued surge in China’s stock market fueled the rally.