<div id="readability-page-1"><p>Morgan Stanley analyst Andy Meng maintained a Buy rating on Xiaomi on December 5 and set a price target of HK$62.00. The company’s shares closed yesterday at HK$42.78.</p><h3>TipRanks Cyber Monday Sale</h3><ul><li> Claim 60% off TipRanks Premium  for data-backed insights and research tools you need to invest with confidence.  </li><li>  Subscribe to TipRanks' Smart Investor Picks  and see our data in action through our high-performing model portfolio - <u> now also 60% off </u></li></ul> <p>According to TipRanks, Meng is a 4-star analyst with an average return of <span>37.2%</span> and a 50.00% success rate.</p> <p>The word on The Street in general, suggests a Strong Buy analyst consensus rating for Xiaomi with a $7.12 average price target, which is a -83.36% downside from current levels. In a report released on December 1, Piper Sandler also maintained a Buy rating on the stock with a HK$49.00 price target.</p></div>

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<p>Morgan Stanley analyst Andy Meng maintained a Buy rating on Xiaomi with a price target of HK$62.00, while Piper Sandler set a target of HK$49.00. Xiaomi's shares closed at HK$42.78. Analysts suggest a Strong Buy consensus with a $7.12 average price target, indicating a -83.36% downside from current levels.</p>

- Morgan Stanley analyst Andy Meng maintained a Buy rating on Xiaomi, setting a price target of HK$62.00, while shares closed at HK$42.78.  
- TipRanks indicates a Strong Buy analyst consensus for Xiaomi, with an average price target of $7.12, reflecting a significant downside from current levels.  
- Additionally, Piper Sandler also upheld a Buy rating with a price target of HK$49.00 in a report released on December 1.

Xiaomi (XIACF): New Buy Recommendation for This Technology Giant