The analyst rating from China Post Securities for HESAI-W (02525.HK) is a "Buy" due to several key factors: 1. Market Leadership: HESAI-W is leading globally in market share for automotive LiDAR, ADAS LiDAR, and L4 autonomous driving LiDAR. 2. Product Innovation: The company's LiDAR products have made significant advancements, transitioning from gas detection to applications in smart driving and robotics, positioning them as a universal sensor for physical AI. 3. Strong Revenue and Profit Growth Projections: The broker forecasts substantial increases in operating revenue and GAAP net profits over the next few years, with operating revenue expected to grow by 48.7% in 2025 and net profits projected to rise by over 500% in the same year. These factors contribute to a positive outlook for HESAI-W, justifying the Buy rating.

Goldman Sachs

Buy

maintain

$265 -> $249

2025-11-17

Reason

Goldman Sachs

Price Target

$265 -> $249

2025-11-17

maintain

Buy

Reason

The analyst rating for HESAI-W (02525.HK) was maintained at "Buy" by Goldman Sachs due to the company's 3Q25 results beating expectations. However, the firm expressed concerns about the wide guidance range for 2026 revenue, suggesting that if the growth falls at the lower end of the projected 10-20%, it could disappoint the market. Additionally, while Goldman Sachs raised its 2025 non-GAAP net income forecast by 16%, it lowered its forecasts for 2026-2030 by 4-9% due to anticipated price declines from intensified competition. Consequently, the target prices for HESAI-W's H-shares and US stock were trimmed by 6%.

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02525 Should I Buy

02525 Should I Buy

Should You Buy HESAI-W (02525) Today? Analysis, Price Targets, and 2026 Outlook.

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