Strong fundamental case for HSAI; Morgan target $26 Reiterate
OW: We look for Hesai's LiDAR shipments to grow 50%+ YoY in 2026,
fuelled by new projects from leading China OEMs, some of which
could even adopt more than one LiDAR per model (similar to AITO,
ZEEKR). Meanwhile, scale benefits for ATX, a higher mix of AT512,
and overseas projects should offset lower margins from competition
risk. IBD 99 and top IPO
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Trimming UAMY; Decent entry for
Posted by kalkgrun on 8th of Oct 2025 at 01:14 pm
Trimming UAMY; Decent entry for HSAI near the 50dma
Strong fundamental case for HSAI;
Posted by kalkgrun on 8th of Oct 2025 at 01:37 pm
Strong fundamental case for HSAI; Morgan target $26 Reiterate OW: We look for Hesai's LiDAR shipments to grow 50%+ YoY in 2026, fuelled by new projects from leading China OEMs, some of which could even adopt more than one LiDAR per model (similar to AITO, ZEEKR). Meanwhile, scale benefits for ATX, a higher mix of AT512, and overseas projects should offset lower margins from competition risk. IBD 99 and top IPO