Strategic Goals: CAOCAO INC aims to expand its Robotaxi services to 100 cities and achieve a gross transaction value (GTV) of RMB100 billion within the next decade, as outlined by CEO Gong Xin during a recent conference.
Three-Step Strategy: The company has developed a '3-step' strategy for its Robotaxi operations, with plans to launch demonstration operations in Hangzhou and Suzhou by February 2025 for technology verification and small-scale testing.
Transition to Unmanned Operations: CAOCAO is currently transitioning from having a 'main driver safety officer' to fully unmanned operations, while also exploring mixed operations that include both manned and unmanned driving.
Market Performance: The company's stock has seen a decline of 2.39%, with short selling activity reported at $3.32 million and a short selling ratio of 2.196%.
Wall Street analysts forecast 02643 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02643 is USD with a low forecast of USD and a high forecast of 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.
0 Analyst Rating
Wall Street analysts forecast 02643 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02643 is USD with a low forecast of USD and a high forecast of 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.
0 Buy
0 Hold
0 Sell
Current: 33.280
Low
Averages
High
Current: 33.280
Low
Averages
High
Citi
Buy
maintain
$70
2025-12-31
Reason
Citi
Price Target
$70
AI Analysis
2025-12-31
maintain
Buy
Reason
The analyst rating for CAOCAO INC was kept as "Buy" due to the company's strategy to establish a comprehensive mobility and business travel technology platform through acquisitions. Citi believes that targeting corporate clients and high-end users will enhance CAOCAO INC's average revenue per user (ARPU) and profit margins. Additionally, these user groups are expected to show greater loyalty and engagement with the platform, which could lead to cross-selling opportunities within CAOCAO INC's existing mobility business. The target price remains unchanged at HKD70.
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.
