Xiaomi (XIACF): New Buy Recommendation for This Technology Giant
First Shanghai Securities analyst maintained a Buy rating on Xiaomi yesterday and set a price target of HK$50.20. The company’s shares closed yesterday at HK$40.34.
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Xiaomi has an analyst consensus of Strong Buy, with a price target consensus of $7.15, which is a -82.28% downside from current levels. In a report released on November 20, DBS also maintained a Buy rating on the stock with a HK$70.00 price target.
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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