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UBS Reaffirms Their Buy Rating on WeRide Inc. Class A (0800)
In a report released on March 23, from UBS maintained a Buy rating on WeRide Inc. Class A, with a price target of HK$31.20. The company’s shares closed yesterday at HK$17.41.
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Currently, the analyst consensus on WeRide Inc. Class A is a Strong Buy with an average price target of HK$35.84, which is a 105.86% upside from current levels. In a report released on March 23, Bank of America Securities also maintained a Buy rating on the stock with a HK$27.00 price target.
Based on WeRide Inc. Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$140.82 million and a GAAP net loss of HK$592.44 million.
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