Goldman Sachs initiated coverage of WeRide (WRD) with a Buy rating and HK$54.23 price target The firm expects the company’s total revenues to achieve an 80% CAGR over 2025-2030, supported by rising revenues from Robotaxi operation services with its global fleet expansion from 2.8k in 2026 to 415k in 2032, rapid expansion in both China and overseas markets as an early entrant, and its enhanced user engagement and experience, the analyst tells investors in a research note.
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