Goldman Sachs: Raises target price for Xiaomi Corporation-W to HKD 62, rating "Buy"
Goldman Sachs released a research report stating that based on stronger IoT sales and gross profit outlook, it has raised the adjusted net profit forecast for Xiaomi Corporation-W for 2025 to 2027 by 3% to 6%, with a target price increased to HKD 62 and a rating of "Buy." It predicts multiple catalysts in the coming months, including the 15th anniversary strategic product launch conference, the first quarter results to be announced at the end of May, the Investor Day on June 3, and next month's 618 shopping festival. Xiaomi President Lu Weibing revealed during a live broadcast last Saturday (17th) that the group's smartphone and AIoT business performed strongly in the first quarter of this year, and announced the launch of the Xiaomi Civi 5 Pro and six new high-end smart home products. More importantly, Xiaomi is kicking off the 15th anniversary strategic product launch conference. The firm expects that at the strategic new product launch conference, Xiaomi will unveil its self-developed mobile phone SoC chip Xuanjie O1 (XRING O1), marking a breakthrough for the group in core technology fields such as chips, artificial intelligence, and operating systems. It is also expected that the conference will announce new high-end smartphones and tablet products equipped with XRING O1, as well as Xiaomi's second electric vehicle model, Xiaomi YU7
According to the Zhitong Finance APP, Goldman Sachs released a research report stating that based on stronger IoT sales and gross profit outlook, it has raised the adjusted net profit forecast for Xiaomi Corporation-W (01810) for 2025 to 2027 by 3% to 6%, with a target price increased to HKD 62, maintaining a "Buy" rating. It predicts multiple catalysts in the coming months, including the 15th anniversary strategic product launch conference, the first quarter results to be announced at the end of May, the Investor Day on June 3, and the 618 shopping festival next month.
Xiaomi President Lu Weibing revealed during a live broadcast last Saturday (17th) that the group's smartphone and AIoT business performed strongly in the first quarter of this year, announcing the launch of the Xiaomi Civi 5 Pro and six new high-end smart home products. More importantly, Xiaomi is kicking off the 15th anniversary strategic product launch conference. The firm expects that at the strategic new product launch conference, Xiaomi will unveil its self-developed mobile phone SoC chip, XRING O1, marking a breakthrough for the group in core technology fields such as chips, artificial intelligence, and operating systems. It is also expected that new high-end smartphones and tablet products equipped with XRING O1, as well as Xiaomi's second electric vehicle model, Xiaomi YU7, will be announced at the launch event
