Company Overview: BYD COMPANY (01211.HK) is experiencing a positive stock performance, with a notable increase of 4.086% and significant short selling activity amounting to $455.72 million.
Management's Confidence: The management is optimistic about long-term overseas expansion, aiming for 1.5 million units in overseas sales by 2026, despite acknowledging uncertainties in the Chinese market.
Growth Projections: Goldman Sachs forecasts that overseas markets will be a key growth driver, predicting sales of 1.5-3.5 million units from 2026-2035, with a significant increase in profit contribution from overseas markets.
Earnings Forecast: The broker projects a 30% compound annual growth rate (CAGR) for earnings from 2025-2028, with a target price of HKD 141 for BYD's H-shares, maintaining a "Buy" rating.
Wall Street analysts forecast 01211 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01211 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 01211 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01211 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: 99.750
Low
Averages
High
Current: 99.750
Low
Averages
High
CLSA
CLSA
maintain
$130
2026-01-23
New
Reason
CLSA
CLSA
Price Target
$130
AI Analysis
2026-01-23
New
maintain
Reason
The analyst rating from CLSA for BYD COMPANY (01211.HK) is based on several key factors. They believe that the company's product and technology cycles are back on track, indicating a positive outlook for its innovation and offerings. Additionally, BYD has established a solid business foundation in overseas markets, which suggests potential for growth outside of China. As a result, CLSA has rated BYD as a High-Conviction Outperform, with a target price of HKD130. This rating reflects confidence in BYD's ability to navigate the challenges in the Chinese electric vehicle market, particularly in light of anticipated declines in domestic auto sales.
Citi Research
initiated
$174
2025-11-14
Reason
Citi Research
Price Target
$174
2025-11-14
initiated
Reason
Citi Research has placed BYD COMPANY on a 90-day upside catalyst watch due to several key factors. Firstly, the firm's FY2026 net profit is expected to have a significantly reduced correlation with domestic NEV (New Energy Vehicle) sales, decreasing from over 50% in the past to potentially just 13%. This suggests a diversification in revenue sources, which could stabilize profits. Additionally, Citi believes that market expectations for BYD's domestic NEV business performance have reached a low point, indicating potential for recovery. With the introduction of a new model cycle in China in 1Q26, the risk-reward scenario from ongoing de-stocking is seen as favorable. Consequently, Citi has rated BYD COMPANY as a "Buy" and set a target price of $174, making it their top pick in the sector.
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Goldman Sachs
Goldman Sachs
maintain
$141
2025-11-10
Reason
Goldman Sachs
Goldman Sachs
Price Target
$141
2025-11-10
maintain
Reason
The analyst rating from Goldman Sachs for BYD COMPANY is based on several key factors:
1. Long-term Overseas Expansion: The management's confidence in achieving overseas sales of 1.5 million units by 2026 is seen as a significant driver for profit growth.
2. Market Growth Potential: Goldman Sachs expects overseas markets to be the primary growth driver for the company over the next decade, with projected overseas sales (excluding the US) reaching between 1.5 to 3.5 million units from 2026 to 2035.
3. Earnings Growth Forecast: The broker anticipates a compound annual growth rate (CAGR) for earnings of 30% from 2025 to 2028, indicating strong financial performance.
4. Increasing Profit Contribution from Overseas: The forecasted increase in overseas profit contribution from 21% in 2024 to 60% in 2028 suggests a significant shift in the company's revenue sources.
5. Product Competitiveness: The expected increase in NEV (New Energy Vehicle) penetration and BYD's competitive product offerings are likely to enhance its market share.
These factors collectively support Goldman Sachs' "Buy" rating and target prices of $141 for H-shares and RMB 144 for A-shares.
DBS
DBS Research
Buy
downgrade
$150 -> $140
2025-11-05
Reason
DBS
DBS Research
Price Target
$150 -> $140
2025-11-05
downgrade
Buy
Reason
The analyst rating for BYD COMPANY (01211.HK) is maintained as a Buy by DBS Research, despite a trimmed target price from HKD150 to HKD140. The reasoning behind this rating includes the company's rapid expansion into overseas markets to counteract narrowing margins in the domestic market, with overseas sales growing significantly by 134% year-over-year. The expectation that the proportion of exports will increase substantially in the coming years further supports the positive outlook. Additionally, the analyst suggests that while short-term volatility in share price may occur, investors should consider buying on dips, as scale and cost efficiency are anticipated to improve following the initial investment phase of new product launches and international expansion.
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.
