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<Research>M Stanley Elevates XIAOMI-W (01810.HK) TP to $62, Expects Shr Price to Exceed $100 by 2030
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Morgan Stanley released a research report believing that the launch of XIAOMI-W (01810.HK)'s SU7 Ultra marks the beginning of its luxury car journey, and the launch of its second EV, YU7, could also be a major positive catalyst for 2025. Meanwhile, the AIoT and smartphone divisions are showing positive momentum. Therefore, the broker elevated its target price for XIAOMI-W from $45 to $62, which is equivalent to the 2025 non-IFRS PE ratio of 40x. Morgan Stanley estimated XIAOMI-W's share price to exceed $100 by 2030. According to the broker's analysis, with XIAOMI-W's EV and smartphone + AIoT + internet businesses acting as dual growth engines, the Company's total revenue scale could surpass RMB1 trillion by 2030, with net profit of over RMB100 billion. If so, XIAOMI-W's market capitalization could reach RMB2.5 trillion, comparable to major peers like BYD COMPANY (01211.HK), Tesla (TSLA.US) and Apple (AAPL.US). AAStocks Financial News |
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