BofA Securities initiated coverage on Hesai Group with a new price target
$HSAI
Industrial Machinery/Components
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BofA Securities initiated coverage of Hesai Group with a rating of Buy and set a new price target of $14.80
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/26/2023 | $12.90 | Buy | Citigroup |
| 9/22/2023 | $14.80 | Buy | BofA Securities |
| 8/18/2023 | $25.00 → $12.40 | Buy → Neutral | Goldman |
| 3/13/2023 | $31.00 | Buy | Goldman |
| 3/7/2023 | $28.00 | Outperform | Credit Suisse |
PALO ALTO, Calif. , Oct. 22, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar solutions, announced this week that it will be the exclusive provider of automotive long-range lidar for Leapmotor's next-generation vehicle platform. The platform's first model is expected to enter mass production in 2025. According to the agreement, Hesai Technology will provide lidar products for multiple models of Leapmotor's next-generation new vehicle platform. This exclusive partnership deepens their long-term collaboration in intelligent driving, highlighting Hesai's leading lidar technology and Leapmotor's continued trust in Hesai and its capabilities. In line with the initi
SHANGHAI, Oct. 1, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar technology, announced today the signing of a cooperation framework with SAIC Volkswagen. The cooperation will establish a strong foundation for Hesai and SAIC Volkswagen to build a new ecosystem for the automotive industry, with Hesai's advanced lidar products and technology at the core. SAIC Volkswagen Automobile Co., Ltd. is a Sino-German joint venture operated by SAIC Group and Volkswagen Group. Formed in October 1984, SAIC Volkswagen was one of the first automotive joint ventures in China and has maintained strong market competitiveness over the past 40 years. SAIC Volkswagen sold 1.2 milli
HANNOVER, Germany, Sept. 16, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar technology, is launching its powerful new lidar solution OT128 at Europe's biggest commercial vehicle trade fair IAA Transportation in Hannover (booth location: Hall 12, #C71). Hesai's OT128 is the most mature 360° long-range lidar in the market and is driving the rapid development of autonomous vehicles' all-around sensing capabilities. Production Time Per Unit Reduced by 95% Promising exceptional sensing performance and certified automotive-grade reliability, the new sensor OT128 from Hesai is set to have a transformative impact on the European commercial vehicle sector. Hesai's OT
Citigroup initiated coverage of Hesai Group with a rating of Buy and set a new price target of $12.90
BofA Securities initiated coverage of Hesai Group with a rating of Buy and set a new price target of $14.80
Goldman downgraded Hesai Group from Buy to Neutral and set a new price target of $12.40 from $25.00 previously
Quarterly net revenues were RMB458.9 million (US$63.1 million)1Quarterly lidar shipments were 86,526 units SHANGHAI, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended June 30, 2024. Operational Highlights Three monthsended June 30, 2024 Six monthsended June 30, 2024ADAS lidar shipments 80,773 133,235Autonomous Mobility lidar shipments 5,753 12,392Total lidar shipments86,526 145,627 Q2 2024 ADAS lidar shipments were 80,773 units, representing an increase of 76.8% from 45,694 units in th
SHANGHAI, China, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its second quarter 2024 unaudited financial results on Monday, August 19, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on August 19, 2024 (9:00 AM Beijing/Hong Kong Time on August 20, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled cal
Quarterly net revenues were RMB359.1 million (US$49.7 million)1Quarterly lidar shipments were 59,101 units SHANGHAI, China, May 20, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended March 31, 2024. Operational Highlights Three monthsended March 31, 2024ADAS lidar shipments52,462Autonomous Mobility lidar shipments6,639Total lidar shipments59,101 Q1 2024 ADAS lidar shipments were 52,462 units, representing an increase of 86.1% from 28,195 units in the corresponding period of 2023.Q1 2024 Total lida
SC 13G/A - Hesai Group (0001861737) (Subject)
6-K - Hesai Group (0001861737) (Filer)
6-K - Hesai Group (0001861737) (Filer)
6-K - Hesai Group (0001861737) (Filer)
Hesai Technology (NASDAQ:HSAI), the global leader in lidar safety technology for automotive and robotics applications, announced that they have been selected by Baidu, Inc. (NASDAQ:BIDU) to be the exclusive long-range lidar supplier for its next-generation robotaxi platform Yichi 06. Baidu is an internet tech giant who is also one of the world's largest robotaxi service providers.According to industry analysts, this lidar deal is worth an estimated $200-300 million based on Baidu's plans to deploy 100,000 robotaxi vehicles in China. It's expected to be the first widespread application of robotaxi in the Chinese market.According to forecasts by Pacific Securities, the Chinese robotaxi market
Shares of James Hardie Industries plc (NYSE:JHX) fell sharply during Tuesday's session after the company reported worse-than-expected quarterly financial results. James Hardie Industries posted adjusted earnings of 40 cents per share, missing market expectations of 42 cents per share. The company's quarterly sales came in at $1.005 billion versus estimates of $1.009 billion, according to data from Benzinga Pro. JP Morgan analyst Al Harvey downgraded James Hardie Industries from Overweight to Neutral. James Hardie Industries shares dipped 14.3% to $31.36 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers MGO Global, Inc. (NASDAQ:MGOL) shares j
Shares of Larimar Therapeutics, Inc.. (NASDAQ:LRMR) rose sharply in today's pre-market trading after the company announced that the FDA removed the partial clinical hold previously placed on the nomlabofusp clinical program. Larimar Therapeutics shares jumped 17.6% to $8.55 in the pre-market trading session. Here are some other stocks moving in pre-market trading. Gainers Edible Garden AG Incorporated (NASDAQ:EDBL) gained 94.5% to $7.39 in pre-market trading after jumping around 9% on Monday. The company, last week, reported first-quarter financial results. MGO Global, Inc. (NASDAQ:MGOL) shares gained 83.6% to $0.42 in pre-market trading after falling over 5% on Monday. Ag