Citi analyst Jeff Chung raised the firm’s price target on Hesai (HSAI) to $38.10 from $37 and keeps a Buy rating on the shares. The firm upped the stock’s multiple to reflect Hesai’s “robust” new order wins and policies that could increase LiDAR penetration.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HSAI:
- Hesai expands production agreement with U.S.-based robotaxi company
- Hesai Group Sets Pricing for Global Offering Amid Expansion Plans
- Hesai prices 19.6M Class B shares at HK$212.8 per share in public offering
- Hesai Group Announces Global Offering with Hong Kong Listing
- Hesai Group Initiates Global Offering with Hong Kong Listing