Goldman Sachs: Raises the target price for Xiaomi Corporation-W to HKD 69, consolidating its leadership position in the high-end automotive market in China through YU7
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Goldman Sachs raised the target price for Xiaomi Corporation-W from HKD 65 to HKD 69, believing that consumer demand for the Xiaomi YU7 has exceeded expectations, solidifying its leadership position in China's high-end automotive market. The YU7 achieved an order volume of 289,000 within the first hour of sales, demonstrating a strong market response. Goldman Sachs also raised its forecasts for Xiaomi's electric vehicle deliveries and revenue for 2025 to 2027, and expects significant growth in revenue and net profit in the coming years
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