CMB International Securities analyst Alex NG has maintained their bullish stance on XIACF stock, giving a Buy rating on February 20.
Alex NG has given his Buy rating due to a combination of factors, primarily focusing on Xiaomi’s strategic initiatives and product innovations. The company is making significant strides in its premiumization strategy, as evidenced by the launch of the Xiaomi 15 Ultra, which is positioned to compete with high-end smartphones from Apple and Samsung. This move is expected to enhance Xiaomi’s market share in the premium segment.
Additionally, Xiaomi’s entry into the luxury electric vehicle market with the SU7 Ultra is another critical factor. The vehicle’s competitive pricing and advanced features, such as autonomous driving capabilities and luxury design elements, position it well against competitors like Tesla and Porsche. Furthermore, upcoming product launches, including AI glasses and IoT devices, are anticipated to drive future growth, reinforcing the Buy recommendation.
In another report released on February 20, Goldman Sachs also maintained a Buy rating on the stock with a HK$58.00 price target.
XIACF’s price has also changed dramatically for the past six months – from $2.370 to $6.720, which is a 183.54% increase.