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Xiaomi (XIACF): New Buy Recommendation for This Technology Giant

Tipranks - Tipranks - Wed Feb 11, 11:14PM CST

Huatai Securities analyst maintained a Buy rating on Xiaomi yesterday and set a price target of HK$47.00. The company’s shares closed yesterday at HK$35.58.

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Currently, the analyst consensus on Xiaomi is a Strong Buy with an average price target of HK$53.16, implying a 49.41% upside from current levels. In a report released on February 6, Bernstein also maintained a Buy rating on the stock with a HK$57.00 price target.

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Based on Xiaomi’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$115.96 billion and a net profit of HK$11.9 billion. In comparison, last year the company earned a revenue of HK$88.89 billion and had a net profit of HK$5.1 billion

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