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Xiaomi (XIACF): New Buy Recommendation for This Technology Giant - The Globe and Mail

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Source: The Globe and Mail
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In a report released on October 9, Neil Beveridge from Bernstein maintained a Buy rating on Xiaomi, with a price target of HK$35.00. The company’s shares closed last Friday at HK$25.96. According to TipRanks, Beveridge is an analyst with an average return of -0.1% and a 42.75% success rate. Beveridge covers the Energy sector, focusing on stocks such as INPEX, Santos Limited, and Woodside Energy Group. Xiaomi has an analyst consensus of Moderate Buy, with a price target consensus of HK$34.53, which is a 33.03% upside from current levels. In a report released on September 24, Goldman Sachs also maintained a Buy rating on the stock with a HK$39.00 price target. Based on Xiaomi’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$108.46 billion and a net profit of HK$9.42 billion. In comparison, last year the company earned a revenue of HK$115.96 billion and had a net profit of HK$11.9 billion

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