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CLSA Reaffirms Their Buy Rating on WeRide Inc. Class A (0800)
CLSA analyst maintained a Buy rating on WeRide Inc. Class A on March 24 and set a price target of HK$33.80. The company’s shares closed yesterday at HK$18.24.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for WeRide Inc. Class A with a HK$34.97 average price target, representing a 91.72% upside. 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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