BofA Reaffirms Buy on Hesai Group (HSAI) Amid New Chips, L3 Regulation, and Growth Drivers

Hesai Group (NASDAQ:HSAI) ranks among the best high growth Chinese stocks to buy. On January 15, BofA Securities reaffirmed its Buy rating for Hesai Group (NASDAQ:HSAI) and raised its price target to $32 from $25. The firm justified its target based on a combination of EV/sales and DCF valuation methodologies. According to BofA, key catalysts surrounding Hesai Group (NASDAQ:HSAI) include the introduction of new business and sensing technology in the initial half of 2026, the release of improved ATX devic ...