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<Research>Jefferies Elevates XIAOMI-W's TP by 10% to $69.5, Expects AIoT to Bring More Earnings Upside Potential
Recommend 37 Positive 54 Negative 17 |
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Jefferies has issued a report estimating XIAOMI-W (01810.HK)'s 1Q25 results to beat expectations with its artificial intelligence of things (AIoT) business. In the medium term, the company's home appliance business may bring in potential revenue of RMB100 billion. Jefferies raised its target price for XIAOMI-W by 10% from $63.25 to $69.5, with a Buy rating. Despite the market's main focus on XIAOMI-W's electric vehicle business, Jefferies saw the group's AIoT as another underrated business, which had the potential to offer positive surprises regarding short-term earnings. AAStocks Financial News |
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