Goldman Sachs: Focus on Xiaomi Corporation-WYU7 and the launch of smart glasses, currently maintaining a "Buy" rating
Goldman Sachs released a research report stating that they believe investors will focus on the first-day sales order volume of the upcoming Xiaomi Corporation-W model, the Xiaomi Car YU7, as well as the new products such as Xiaomi MIX Flip 2, Redmi K80 Ultra 3, the Xiaomi Pad 7S Pro equipped with the XRINGO1 chip, and the first AI smart glasses. They currently maintain a "Buy" rating with a target price of HKD 65. Goldman Sachs believes that during this year's 618 shopping festival, the total online and offline transaction volume (GMV) reached RMB 35.5 billion, a year-on-year increase of 35%, which is 11% higher than last year's Double 11 period, reaching 71% of Goldman Sachs' forecast for Xiaomi's second-quarter revenue from smartphones and AIoT in China, performing in line with expectations
According to the Zhitong Finance APP, Goldman Sachs released a research report stating that they believe investors will focus on the first-day sales order volume of the upcoming Xiaomi Corporation-W (01810) YU7 model, as well as new products such as the Xiaomi MIX Flip 2, Redmi K80 Ultra 3, the Xiaomi Pad 7S Pro equipped with the XRINGO1 chip, and the first AI smart glasses. They currently maintain a "Buy" rating with a target price of HKD 65.
Goldman Sachs believes that during this year's 618 shopping festival, the total online and offline transaction volume (GMV) reached RMB 35.5 billion, a year-on-year increase of 35%, which is 11% higher than last year's Double 11 period, reaching 71% of Goldman Sachs' forecast for Xiaomi's second-quarter revenue from smartphones and AIoT in China, performing in line with expectations
