Goldman Sachs analyst Tina Hou raised the firm’s price target on Hesai (HSAI) to $36 from $26.30 and keeps a Buy rating on the shares. The firm sees LiDAR adoption ramping in China this year with global adoption ramping in 2026 and 2027. By 2030, Hesai’s overseas advanced driver assistance systems LiDAR volume should reach 3M, exluding the U.S., similar to China’s volume in 2025, the analyst tells investors in a research note.
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