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<Research>G Sachs Initiates Coverage on HESAI-W w/ Rating Buy & TP HKD281
With the accelerated adoption of LiDAR technology in the Chinese market this year and large-scale production by global car makers in 2026-27, Goldman Sachs made an estimate in its ...
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<Research>G Sachs Initiates Coverage on HESAI-W w/ Rating Buy & TP HKD281
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With the accelerated adoption of LiDAR technology in the Chinese market this year and large-scale production by global car makers in 2026-27, Goldman Sachs made an estimate in its research report that the overseas ADAS LiDAR shipments would reach 3 million units by 2030, equivalent to the scale of the Chinese market in 2025.

The broker also forecasted that overseas ADAS customers would contribute 10%/ 20%/ 23% of HESAI-W's (02525.HK)  -1.400 (-0.613%)   (HSAI.US)      shipments/ revenue/ gross profit by 2030, with a GPM 10 ppts higher than domestic products.

Goldman Sachs gave HESAI-W's H-shares a Buy rating and a target price of HKD281 for the first time. The target price for HESAI-W's US shares was also lifted from USD26.3 to USD36, with a Buy rating.
(HK stocks quote is delayed for at least 15 mins.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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