NIO Inc.
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NIO - Potential 15% drop!

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-Shares of Chinese electric-vehicle (EV) maker Nio (NYSE:NIO) are about 30% below January 2021 highs. But investors still might think it's too late to buy shares, as the stock is still up 260% from one year ago, and just under 1,000% higher since the start of 2020.

-Though the company is making progress toward profitability, Nio is still recording net losses. With a market cap of over $70 billion, there is already much future success built into the company's share price.

-Target Price: $31

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