Xiaomi (XIACF): New Buy Recommendation for This Technology Giant
CICC analyst maintained a Buy rating on Xiaomi yesterday and set a price target of HK$40.00. The company’s shares closed yesterday at HK$33.14.
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Currently, the analyst consensus on Xiaomi is a Strong Buy with an average price target of HK$49.98, which is a 50.81% upside from current levels. In a report released yesterday, CMB International Securities also maintained a Buy rating on the stock with a HK$50.21 price target.
The company has a one-year high of HK$61.45 and a one-year low of HK$33.32. Currently, Xiaomi has an average volume of 151.2M.
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