What's Going On With Hesai Group Stock On Wednesday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2025
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Source: Benzinga
Allegations Against Hesai Group: Hesai Group's shares fell after short seller Blue Orca Capital accused the company of being a "Chinese scam" and linked its lidar technology to military use, which Hesai strongly denied, claiming the allegations are baseless.
Financial Concerns and Stock Performance: Blue Orca raised issues regarding Hesai's financial disclosures and potential layoffs, while the company's stock has seen significant volatility, losing over 10% in five days despite a previous surge following a deal with Mercedes-Benz.
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: 28.790
Low
26.70
Averages
29.90
High
33.00
Current: 28.790
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.
