BofA analyst Ming Hsun Lee raised the firm’s price target on WeRide (WRD) to HK$27 from HK$26 and keeps a Buy rating on the shares. The company reported a Q4 beat, with a 123% year-over-year increase in quarterly revenue, including a 66% increase in robotaxi revenue, the analyst tells investors in a research note. The firm noted its Buy rating is supported by the company’s broader overseas rollout of robotaxi services.
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