Goldman Sachs Initiates Coverage on WeRide with Buy Rating, Citing Global Robotaxi Expansion as Growth Driver

Stock News04-17

On April 17, 2026, Goldman Sachs issued its inaugural coverage research report on WeRide Inc. (00800), assigning the company a Buy rating and setting a target price of HK$54.23. This target implies a potential upside of 151.5% from the closing price of HK$21.56 on April 16. Goldman Sachs views WeRide as a leader in autonomous driving technology and believes that its growth prospects are supported by several key factors: increasing revenue from its Robotaxi operations, the expansion of its vehicle fleet, first-mover advantages in both domestic and international markets, and continuous improvements in user experience. The report highlighted recent progress in WeRide's Robotaxi deployments, including the launch of commercial public services in Dubai and Riyadh, as well as business expansion into European regions such as Switzerland and Slovakia. Furthermore, WeRide's capital-light business model enhances the efficiency of fleet deployment and generates recurring service revenue. Goldman Sachs also noted that ongoing technological advancements by WeRide, combined with a declining trend in vehicle costs, are expected to further optimize the Robotaxi business model.

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