大行评级｜花旗：对文远知行开启90天上行催化剂观察，目标价39.6港元
WERIDEWERIDE(HK:00800) Ge Long Hui·2026-01-20 02:16

Group 1 - Citi has initiated a 90-day upward catalyst observation for WeRide, considering factors such as Waymo's potential financing round in Q1 this year, which implies a valuation of 280 times the 2025 sales ratio, possibly leading to a reassessment of WeRide's valuation [1] - Investor confidence in WeRide potentially entering the Hong Kong Stock Connect (southbound) in June this year has increased [1] - The competition in the technology sector between China and the US may prompt China to implement more proactive ADAS/autonomous driving rental policies [1] Group 2 - The light asset business of WeRide is developing well [1] - Citi has set a target price of HKD 39.6 for WeRide, with a rating of "Buy/High Risk" [1]