Morgan Stanley: Gives Xiaomi Corporation-W a target price of HKD 62, expects YU7 to drive stock price increase
Morgan Stanley released a research report stating that it has set a target price of HKD 62 for Xiaomi Corporation-W, with a rating of "Overweight." The report indicates that driven by strong revenue and profit margins, Xiaomi's gross profit for the first quarter of 2025 is 10% higher than the bank's forecast, and cost synergies have driven operating profit 33% above the bank's expectations. The YU7 was launched in July, and the bank believes it could be a key factor driving the stock price up. The bank also believes that the average selling price may be higher than the SU7. For smartphones and AIoT, the performance during the 6.18 shopping festival will be a key catalyst, but the bank believes its importance is not as significant as that of the YU7
According to Zhitong Finance APP, Morgan Stanley released a research report stating that it has set a target price of HKD 62 for Xiaomi Corporation-W (01810) with a rating of "Overweight." The report indicates that driven by strong revenue and profit margins, Xiaomi's gross profit for the first quarter of 2025 is expected to exceed the bank's forecast by 10%, and cost synergies are expected to drive operating profit 33% higher than the bank's expectations. The YU7 was launched in July, and the bank believes it could be a key factor driving the stock price up. The bank also believes that the average selling price may be higher than that of the SU7. For smartphones and AIoT, the performance during the 6.18 shopping festival will be a key catalyst, but the bank believes its importance is not as significant as that of the YU7
