--- title: "Weekly Recap | HESAI-W +3.83%, consensus target sits over 50% above spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/296665663.md" description: "HESAI-W gained 3.83% over the four trading days of the week, closing at HK$18.69 and outpacing the Hang Seng Index by roughly 1.64 percentage points. The shares followed a bumpy path: Monday saw a low-open, high-close rally to HK$18.34; Tuesday slumped to an intraday low of HK$16.91 before closing down 6.2%; then Wednesday and Thursday delivered back-to-back rebounds, with Thursday touching a weekly high of HK$19.00 and settling near that peak. Weekly amplitude reached 11." datetime: "2026-08-22T04:08:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296665663.md) - [en](https://longbridge.com/en/news/296665663.md) - [zh-HK](https://longbridge.com/zh-HK/news/296665663.md) generator: "portal-rs" --- # Weekly Recap | HESAI-W +3.83%, consensus target sits over 50% above spot ## The Week HESAI-W gained 3.83% over the four trading days of the week, closing at HK$18.69 and outpacing the Hang Seng Index by roughly 1.64 percentage points. The shares followed a bumpy path: Monday saw a low-open, high-close rally to HK$18.34; Tuesday slumped to an intraday low of HK$16.91 before closing down 6.2%; then Wednesday and Thursday delivered back-to-back rebounds, with Thursday touching a weekly high of HK$19.00 and settling near that peak. Weekly amplitude reached 11.68%, and average daily volume of 7.63m shares was nearly 4x the median, signalling sharply elevated turnover. ## Key Events The week’s main event was the Q2 FY26 earnings release after Tuesday’s close. Net income jumped 60% year-on-year to RMB 70.6m, net revenue climbed 21.9% to RMB 860.8m, and lidar shipments hit a fresh record. The SGI business continued to gain momentum, with management raising the full-year SGI guidance ceiling to RMB 300m and projecting a break-even target by 2027. Market reaction was mixed. US shares fell in pre-market trading on Tuesday, and the Hong Kong-listed stock slid over 6% on Wednesday as investors fretted over core-business margin pressure and the ongoing decline in lidar average selling prices. The SGI upside, however, provided a counterweight, and the stock rebounded about 3% on Friday. During the week, BofA cut its target price to HK$24, citing a core-business miss; Goldman Sachs trimmed its target to HK$30, flagging an operating-profit shortfall; DBS reiterated its buy rating. ## Analyst Ratings As of this week, 16 institutions cover HESAI-W: 12 rate it buy and 4 rate it overweight, with no hold, underweight or sell ratings. The consensus rating stands at strong buy, and the consensus target price is HK$28.49, implying roughly 52.4% upside from the current price of HK$18.69. The target range spans from HK$24.06 to HK$32.00—a roughly 33% spread that points to meaningful disagreement on valuation. Among 19 peers in the auto-parts and equipment industry, Hesai’s rating rank is fourth. ## The Week Ahead The post-earnings digestion is still underway. Going forward, the focus will be on the pace of SGI order conversion and any signs of stabilisation in core-business gross margins. The wide spread in broker targets means the next catalyst—concrete SGI contract announcements or fresh autonomous-driving policy moves—could trigger a re-rating. The latest session’s flow data also showed large-lot money as a net seller, a short-term dynamic worth watching. ## In Short This week summed up the tension between strong earnings momentum and persistent pricing pressure for Hesai. Profit growth, an upgraded SGI outlook, a strong-buy consensus and a target price more than 50% above spot all provide support. Yet the lidar ASP decline continues to squeeze core margins, prompting some brokers to lower their targets, while the latest session showed large-lot money on the net selling side. What matters next is whether SGI growth can offset the hardware price erosion fast enough, and whether narrowing broker divergence brings a clearer direction. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [02525.HK](https://longbridge.com/en/quote/02525.HK.md) ## Related News & Research - [Hesai Group holds extraordinary general meeting on revised Sharpa supply framework agreement](https://longbridge.com/en/news/297318501.md) - [What Hesai Group (HSAI)'s Q2 Earnings Beat and Q3 Revenue Guidance Means For Shareholders](https://longbridge.com/en/news/297518450.md) - [Lei Jun: Sep to Be Xiaomi's Major Tech Month, to See Launch of SkyNomad Series, Xiaomi 18 Fold and Xiaomi 18 Pro Series](https://longbridge.com/en/news/296847979.md) - [Discovery expects FY normalised headline earnings to rise 18%-23%](https://longbridge.com/en/news/296998893.md) - [14:12 ETFaneuil Hall Marketplace Celebrates 200 Years of Quincy Market](https://longbridge.com/en/news/296946162.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**