Morgan Stanley analyst Tim Hsiao maintained a Buy rating on Geely Automobile Holdings (GELYF – Research Report) today and set a price target of HK$17.00.
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Tim Hsiao has given his Buy rating due to a combination of factors that position Geely Automobile Holdings favorably in the market. The recent launch of the L6 EM-i model at a competitive price point has enhanced its appeal, particularly as it offers superior fuel efficiency and an extended driving range compared to its predecessors. This strategic pricing aligns the new model competitively against similar offerings from rivals such as BYD, potentially boosting its market presence.
Moreover, Geely’s stock price has seen a significant uptick, outpacing the broader market indices, which suggests investor confidence in its strategic initiatives. The anticipation surrounding the upcoming AI launch event in March, where Geely is expected to reveal advancements in its smart driving technologies, is also contributing to a positive outlook. These developments position Geely well to capture a larger share of the mass-market segment, which bolsters the case for a Buy rating.
According to TipRanks, Hsiao is an analyst with an average return of -5.0% and a 36.54% success rate. Hsiao covers the Consumer Cyclical sector, focusing on stocks such as Geely Automobile Holdings, Hesai Group Sponsored ADR, and Nio.
In another report released on February 7, Macquarie also maintained a Buy rating on the stock with a HK$21.00 price target.