Nio has been on a roll for investors with its soaring stock price, and it just received a little more good news.

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.

Persistent rise in selling and advertising expenses, and increasing operational costs weighed on electric vehicle (EV) manufacturer NIO Inc. NIO throughout the year. However, things are now looking brighter for the NIO stock amid increased investments,

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

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