Piper Sandler Reaffirms Their Buy Rating on Xiaomi (XIACF)
In a report released on December 31, Alexander Potter from Piper Sandler maintained a Buy rating on Xiaomi, with a price target of HK$49.00. The company’s shares closed last Wednesday at HK$39.30.
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According to TipRanks, Potter is a 5-star analyst with an average return of 19.7% and a 49.51% success rate. Potter covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Li Auto, and BYD Co.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Xiaomi with a HK$54.58 average price target, implying a 38.88% upside from current levels. In a report released on December 19, Bernstein also maintained a Buy rating on the stock with a HK$57.00 price target.
XIACF market cap is currently HK$1023.4B and has a P/E ratio of 21.00.
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