Movement Alert｜HESAI-W Intraday Decline 5.23% in Regular Trading, Target Price Cut After Auto Demand Slowdown

Market Focus10-27

On October 27, HESAI-W recorded an Intraday Decline of 5.23% in Regular Trading, with shares trading at HK$12.88 and turnover at HK$189 million.

The clearest catalyst was a same-day broker update that maintained a buy rating but cut the US target price by 14% to $25.2 from $29.3, citing slower end-market auto demand.

The note indicated that near-term financial metrics may face pressure as automotive demand softens. At the same time, it continued to view HESAI-W positively over the medium to long term, arguing that the company retains strong integrated industry competitiveness and that gradual ramp-up of its strategic growth initiatives could become a fresh share-price catalyst later on.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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