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 may provide more information on the Onvo brand when it reports its September vehicle delivery results tomorrow morning. Nio has delivered more than 20,000 EVs for four straight months, and investors likely expect that streak to be extended.

Nio (NYSE:NIO) investors have faced plenty of challenges in recent years, but recently, the tide has shifted. In the past month alone, the stock