---
title: "Citigroup: Reiterates \"Buy\" rating on Weichai Power, target price raised to HKD 50"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290380402.md"
description: "Citi released a research report stating that it reaffirms Weichai Power's \"Buy\" rating, raising the target price from HKD 42 to HKD 50. The bank has raised its revenue forecasts for the company for 2026 to 2028 by 1% to 4%, to RMB 261 billion, RMB 311 billion, and RMB 340 billion, respectively, and also increased net profit forecasts by 4%, 13%, and 56%, to RMB 16.5 billion, RMB 20.9 billion, and RMB 30.6 billion, respectively. The report mentioned that there is potential for increased orders from overseas customers, and it is expected that the company's AIDC (Artificial Intelligence Data Center) engine business will start contributing revenue from the end of the third quarter of this year, further enhancing the visibility of the company's profit growth. The bank maintains its delivery forecasts for AIDC equipment for the fiscal years 2026 to 2028 at 4,000, 6,800, and 10,200 units"
datetime: "2026-06-22T03:41:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290380402.md)
  - [en](https://longbridge.com/en/news/290380402.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290380402.md)
---

# Citigroup: Reiterates "Buy" rating on Weichai Power, target price raised to HKD 50

According to Zhitong Finance APP, Citigroup released a research report reiterating its "Buy" rating on Weichai Power (02338), raising the target price from HKD 42 to HKD 50. The bank has increased its revenue forecasts for the company for 2026 to 2028 by 1% to 4%, to RMB 261 billion, RMB 311 billion, and RMB 340 billion, respectively, and raised its net profit forecasts by 4%, 13%, and 56%, to RMB 16.5 billion, RMB 20.9 billion, and RMB 30.6 billion, respectively.

The report stated that Weichai Power is expected to see a potential increase in orders from overseas customers, and the company's AIDC (Artificial Intelligence Data Center) engine business is anticipated to start contributing revenue from the end of the third quarter of this year, further enhancing the visibility of the company's profit growth. The bank maintains its delivery forecasts for AIDC equipment for the fiscal years 2026 to 2028 at 4,000, 6,800, and 10,200 units, respectively

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