Bernstein initiated coverage of Xiaomi (XIACY) with an Outperform rating and HK$55 price target Xiaomi has a “unique ecosystem and significant potential” to be a top contender in the global electric vehicle race, which should be a main driver of the equity story, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XIACY:
- Xiaomi’s Strategic Share Placement: A Buy Rating Amid Growth and Expansion Plans
- Xiaomi price target raised to $45 from $40 at Barclays
- Xiaomi’s Strong Financial Performance and Strategic Growth Initiatives Drive Buy Rating
- Xiaomi’s Strategic Growth and Strong Financial Performance Justify Buy Rating
- Xiaomi downgraded to Neutral from Overweight at JPMorgan