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<Research>G Sachs Lifts XIAOMI-W (01810.HK) TP to $27.8, Optimistic on AIoT Growth Prospects
Recommend 24 Positive 49 Negative 2 |
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Goldman Sachs commented in its research report that it continued to see encouraging trends for XIAOMI-W (01810.HK) under its "Human x Car x Home" strategy. In particular, the broker was confident about the strong AIoT data in 3Q boosted by continued market share growth in key verticals (such as white goods and premium TVs) and domestic trade-in programs. The broker raised its TP for the company from $27.5 to $27.8 and reiterated the Buy rating. Goldman Sachs lifted its AIoT revenue forecasts for XIAOMI-W for 3Q and 4Q by 5% each, and for 2025 to 2026 by 3%. It also elevated its 2024-2026 revenue and adjusted net profit forecasts for the group by 0-2%. AAStocks Financial News |
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