Reported 3 days ago
Morgan Stanley has lowered the price target for WeRide Inc. (NASDAQ:WRD) from $23 to $13 while maintaining an Overweight rating. Analyst Tim Hsiao cites high volatility in the Chinese robotaxi market and a modest revenue increase of 1.8% in Q1 2025 as key reasons. Despite increasing competition and a reduced forecast for WeRide’s Robobus and Robosweeper products, the firm remains positive on the company’s long-term outlook, particularly regarding its global expansion efforts and partnership with Uber.
Source: YAHOO