0857 GMT - Hesai Group's 2Q revenue guidance shows positive momentum in growth, says DBS analysts in a note. The company guided for 2Q revenue at 850-900 million yuan, implying on-year growth of 20% to 27% and meaningful sequential acceleration, they say. Hesai also introduced a new reporting structure separating its core lidar business from strategic growth initiatives, which includes Kosmo--an AI-powered spatial intelligence device targeting robotics simulation, immersive media and physical AI applications, they say. The company expects SGI to contribute around 100 million yuan in revenue this year, they add. DBS remains constructive on Hesai's long-term outlook with its industry-leading market share. The bank maintains a buy rating and a target price of $30 per share, which last closed at $20.02.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 20, 2026 04:57 ET (08:57 GMT)
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