WeRide Inc. Buy Rating: Long-Term Optimism in Autonomous Vehicle Market Despite Near-Term Uncertainties

WeRide Inc. Sponsored ADR (WRD – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Tim Hsiao from Morgan Stanley maintained a Buy rating on the stock and has a $13.00 price target.

Tim Hsiao has given his Buy rating due to a combination of factors that highlight WeRide Inc.’s potential in the autonomous vehicle market. Despite near-term uncertainties in the robobus and robosweeper sectors, Hsiao remains optimistic about the company’s long-term prospects, particularly in the robotaxi segment. Recent project breakthroughs with Uber and the company’s continued expansion in China position WeRide well to capitalize on its first-mover advantage in Level 4 autonomous driving.
Hsiao acknowledges the potential for share price volatility in the short term but sees significant upside potential, especially as the market’s focus shifts back to robotaxis with upcoming events like Tesla’s Cybercab launch. Although the price target has been adjusted to reflect lower sales volume expectations for robobuses and robosweepers, the unchanged assumptions for robotaxis and the anticipated breakeven in 2027 support the Buy rating. The new price target of US$13 suggests a 27% potential upside, reinforcing the constructive view on WeRide’s future growth and strategic partnerships.