Hesai Group Hits 5-Day High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 20 2024
0mins
Should l Buy HSAI?
Source: 6-K
Hesai Group (HSAI.O) has experienced a significant price increase of 10.59%, reaching a 5-day high. This movement comes amidst a market environment where major benchmarks are trading sideways, showing mixed signals.
The broader market is currently up by approximately 0.64%, but Hesai's performance stands out due to its technical event. Investors may be reacting to the stock's recent momentum, which has attracted attention in a relatively stagnant market.
Technical analysis suggests that the stock's upward movement could be driven by positive investor sentiment and potential buying pressure. As the stock continues to gain traction, it may encourage further investment interest in the coming days.
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Analyst Views on HSAI
Wall Street analysts forecast HSAI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HSAI is 29.90 USD with a low forecast of 26.70 USD and a high forecast of 33.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 24.090
Low
26.70
Averages
29.90
High
33.00
Current: 24.090
Low
26.70
Averages
29.90
High
33.00
About HSAI
Hesai Group is a holding company primarily engaged in providing three-dimensional light detection and ranging (LiDAR) solutions. The Company’s primary business includes the design, development, manufacturing, and sales of LiDAR products. The Company’s main products include the AT series, ET series, and FT series. The Company’s products are used in passenger and commercial vehicles supporting advanced driver assistance systems (ADAS), autonomous vehicles, and robotics. The Company operates in both the domestic and overseas markets.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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