Xiaomi (XIACF): New Buy Recommendation for This Technology Giant
In a report released on November 19, Timothy Zhao from Goldman Sachs maintained a Buy rating on Xiaomi, with a price target of HK$53.50. The company’s shares closed yesterday at HK$38.82.
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According to TipRanks, Zhao is ranked #2731 out of 10073 analysts.
Xiaomi has an analyst consensus of Strong Buy, with a price target consensus of $7.57, implying a -80.50% downside from current levels. In a report released on November 19, UOB Kay Hian also maintained a Buy rating on the stock with a HK$54.60 price target.
XIACF market cap is currently HK$1011.6B and has a P/E ratio of 20.74.
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