Here’s What the Wall Street Thinks About WeRide Inc (WRD)

Core Viewpoint - WeRide Inc. (NASDAQ:WRD) is identified as a promising investment opportunity under $10, with positive ratings from Huatai Securities and Bank of America Securities, indicating strong growth potential in the autonomous vehicle sector [1][2]. Group 1: Company Ratings and Price Targets - Huatai Securities maintains a Buy rating on WeRide Inc. with a price target of HK$52 [1]. - Bank of America Securities initiated coverage with a Buy rating and a price target of $12 [1]. Group 2: Growth Potential and Market Position - Bank of America views WeRide as a growing level 4 autonomous service provider with significant growth potential in new and emerging markets [2]. - The company is expected to grow its fleet size and achieve profitability by 2029, driven by its expansion of robotaxi services through partnerships [2]. - WeRide holds a first-mover advantage in the autonomous vehicle space, which enhances its competitive position [2]. Group 3: Profitability and Technology Expansion - Improved profitability in China is anticipated due to better economies of scale [3]. - WeRide plans to leverage its unified technology platform to expand into robobuses, robosweepers, and robowans within China [3]. - The company provides autonomous driving products and solutions across mobility, logistics, and sanitation industries in the People's Republic of China [3].