UBS Begins Coverage of Hesai Group with a Buy Rating and Sets Price Target at $35

Written by Emily J. Thompson, Senior Investment Analyst

HSAI+7.52%

Source: Benzinga

Updated: Aug 19 2025

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Source: Benzinga

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HSAI

$28.61+Infinity%1D

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 32.70 USD with a low forecast of 26.70 USD and a high forecast of 38.10 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.

5 Analyst Rating

5 Buy

0 Hold

0 Sell

Strong Buy

Current: 26.610

Low

26.70

Averages

32.70

High

38.10

Current: 26.610

Low

26.70

Averages

32.70

High

38.10

CICC

NULL -> Outperform

initiated

$23.50

Al Analysis

2025-11-24

Reason

CICC

Price Target

$23.50

Al Analysis

2025-11-24

initiated

NULL -> Outperform

Reason

CICC initiated coverage of Hesai with an Outperform rating and $23.50 price target.

Goldman Sachs

Tina Hou

Buy

maintain

$36

2025-09-22

Reason

Goldman Sachs

Tina Hou

Price Target

$36

2025-09-22

maintain

Buy

Reason

Goldman Sachs analyst Tina Hou raised the firm's price target on Hesai to $36 from $26.30 and keeps a Buy rating on the shares. The firm sees LiDAR adoption ramping in China this year with global adoption ramping in 2026 and 2027. By 2030, Hesai's overseas advanced driver assistance systems LiDAR volume should reach 3M, exluding the U.S., similar to China's volume in 2025, the analyst tells investors in a research note.

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Citi

Jeff Chung

Buy

maintain

$37

2025-09-16

Reason

Citi

Jeff Chung

Price Target

$37

2025-09-16

maintain

Buy

Reason

Citi analyst Jeff Chung raised the firm's price target on Hesai to $38.10 from $37 and keeps a Buy rating on the shares. The firm upped the stock's multiple to reflect Hesai's \"robust\" new order wins and policies that could increase LiDAR penetration.

UBS

NULL -> Buy

initiated

$35

2025-08-19

Reason

UBS

Price Target

$35

2025-08-19

initiated

NULL -> Buy

Reason

UBS initiated coverage of Hesai with a Buy rating and $35 price target. Along with its recent entry into top-selling domestic OEMs' supply chains, UBS expects Hesai to become the world's largest supplier of Advanced Driver Assistance Systems LiDAR for photovoltaics from 2025E, the analyst tells investors in a research note. Hesai's order win from Mercedes-Benz signifies a breakthrough in the overseas PV ADAS LiDAR market, and its entry into robotics lawnmower LiDAR could unlock a new growth opportunity, the firm says.

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.