AI Investing Insights - Official Homepage

Citi

maintain

$50

2026-01-05

New

Reason

The analyst rating for XIAOMI-W (01810.HK) was given as "Buy" by Citi, despite the company's electric vehicle (EV) delivery target being below investor expectations. The reason for this rating is based on the belief that XIAOMI-W's production capacity is likely sufficient to support deliveries of over 600,000 EVs, which is higher than the company's stated target of 550,000 EVs for 2026. Citi's analysis indicates that while the target is conservative and a potential cut in EV shipment volume could impact profits, the overall operational capacity and market potential justify a positive outlook on the stock, leading to a target price of HKD50.

Citi

Price Target

$50

2026-01-05

maintain

New

The analyst rating for XIAOMI-W (01810.HK) was given as "Buy" by Citi, despite the company's electric vehicle (EV) delivery target being below investor expectations. The reason for this rating is based on the belief that XIAOMI-W's production capacity is likely sufficient to support deliveries of over 600,000 EVs, which is higher than the company's stated target of 550,000 EVs for 2026. Citi's analysis indicates that while the target is conservative and a potential cut in EV shipment volume could impact profits, the overall operational capacity and market potential justify a positive outlook on the stock, leading to a target price of HKD50.

Morgan Stanley

maintain

2025-12-31

Reason

The analyst rating from Morgan Stanley is based on the clarification of the 'Two New' policies for 2026, which maintain the subsidy levels for technology hardware products, including the addition of smart glasses to the subsidy list. The firm views this as a positive catalyst for the technology hardware industry, as the market had anticipated a decrease in subsidies. The continuation of a 15% discount and the maximum subsidies for various consumer electronics are expected to benefit companies like XIAOMI-W, particularly in their AIoT business.

Morgan Stanley

Price Target

2025-12-31

maintain

The analyst rating from Morgan Stanley is based on the clarification of the 'Two New' policies for 2026, which maintain the subsidy levels for technology hardware products, including the addition of smart glasses to the subsidy list. The firm views this as a positive catalyst for the technology hardware industry, as the market had anticipated a decrease in subsidies. The continuation of a 15% discount and the maximum subsidies for various consumer electronics are expected to benefit companies like XIAOMI-W, particularly in their AIoT business.

Citi Research

Citi

initiated

$50

2025-12-29

Reason

The analyst rating for XIAOMI-W (01810.HK) is a "Buy" based on several key reasons outlined in the report from Citi Research: 1. Strong Growth in Ultra-Premium Market: XIAOMI-W's smartphone shipments in the price range above US$800 experienced a 56% year-over-year growth in the first nine months of 2025, indicating a significant breakthrough in the ultra-premium market. 2. Favorable Cost Structure: The broker noted that with rising memory prices, the cost structure for high-end smartphones remains superior compared to mid- and low-end phones, which could enhance profitability. 3. Solid Long-Term Visibility: Citi Research expressed confidence in the company's long-term prospects, which supports their positive outlook. 4. SOTP Valuation Method: The use of a Sum-of-the-Parts (SOTP) valuation method, which assigns an earnings valuation multiple of 18.9x for core smartphone, IoT, and internet services, along with a 1.5x price-to-sales ratio for the smart EV business, underpins the target price of $50 based on 2026 forecasts. These factors collectively contribute to the positive analyst rating and target price for XIAOMI-W.

Citi Research

Price Target

$50

2025-12-29

initiated

The analyst rating for XIAOMI-W (01810.HK) is a "Buy" based on several key reasons outlined in the report from Citi Research: 1. Strong Growth in Ultra-Premium Market: XIAOMI-W's smartphone shipments in the price range above US$800 experienced a 56% year-over-year growth in the first nine months of 2025, indicating a significant breakthrough in the ultra-premium market. 2. Favorable Cost Structure: The broker noted that with rising memory prices, the cost structure for high-end smartphones remains superior compared to mid- and low-end phones, which could enhance profitability. 3. Solid Long-Term Visibility: Citi Research expressed confidence in the company's long-term prospects, which supports their positive outlook. 4. SOTP Valuation Method: The use of a Sum-of-the-Parts (SOTP) valuation method, which assigns an earnings valuation multiple of 18.9x for core smartphone, IoT, and internet services, along with a 1.5x price-to-sales ratio for the smart EV business, underpins the target price of $50 based on 2026 forecasts. These factors collectively contribute to the positive analyst rating and target price for XIAOMI-W.

Goldman Sachs

maintain

$53.5

2025-12-29

Reason

Goldman Sachs rated XIAOMI-W (01810.HK) as a "Buy" due to several key factors: the successful launch of the latest 17 Ultra smartphone series, which enhances its product line and reflects its commitment to a high-end strategy. The firm expects that this high-end strategy will continue to be a primary focus for XIAOMI-W as it aims to penetrate the Chinese market with products priced above RMB6,000 and expand its presence in overseas high-end markets. Additionally, Goldman Sachs highlighted XIAOMI-W's solid balance sheet, strong ecosystem integration capabilities, and cost advantages from its deep involvement in the supply chain, which are expected to enhance its competitiveness, particularly in the electric vehicle (EV) sector. The target price set by Goldman Sachs for XIAOMI-W is $53.5.

Goldman Sachs

Price Target

$53.5

2025-12-29

maintain

Goldman Sachs rated XIAOMI-W (01810.HK) as a "Buy" due to several key factors: the successful launch of the latest 17 Ultra smartphone series, which enhances its product line and reflects its commitment to a high-end strategy. The firm expects that this high-end strategy will continue to be a primary focus for XIAOMI-W as it aims to penetrate the Chinese market with products priced above RMB6,000 and expand its presence in overseas high-end markets. Additionally, Goldman Sachs highlighted XIAOMI-W's solid balance sheet, strong ecosystem integration capabilities, and cost advantages from its deep involvement in the supply chain, which are expected to enhance its competitiveness, particularly in the electric vehicle (EV) sector. The target price set by Goldman Sachs for XIAOMI-W is $53.5.

Citi

Buy

maintain

$50

2025-12-23

Reason

The analyst rating for XIAOMI-W (01810.HK) is a "Buy" with a target price of HKD 50, as stated by Citi. The reasoning behind this rating is that even if Xiaomi were to be included in the list of military-related entities, it would not be materially affected because the company does not have business operations in the U.S. This suggests that potential sanctions or restrictions would not significantly impact its operations or financial performance.

Citi

Buy

Price Target

$50

2025-12-23

maintain

The analyst rating for XIAOMI-W (01810.HK) is a "Buy" with a target price of HKD 50, as stated by Citi. The reasoning behind this rating is that even if Xiaomi were to be included in the list of military-related entities, it would not be materially affected because the company does not have business operations in the U.S. This suggests that potential sanctions or restrictions would not significantly impact its operations or financial performance.

Citi

Buy

maintain

$50

2025-12-23

Reason

The analyst rating from Citi for XIAOMI-W is a "Buy" with a target price of HKD 50. The reasoning behind this rating is that Xiaomi does not have business operations in the U.S., so even if it were to be included in the military entity list, it should not be materially affected. This suggests that the potential inclusion in the list is not expected to impact the company's performance significantly.

Citi

Buy

Price Target

$50

2025-12-23

maintain

The analyst rating from Citi for XIAOMI-W is a "Buy" with a target price of HKD 50. The reasoning behind this rating is that Xiaomi does not have business operations in the U.S., so even if it were to be included in the military entity list, it should not be materially affected. This suggests that the potential inclusion in the list is not expected to impact the company's performance significantly.

Goldman Sachs

maintain

$53.5

2025-12-18

Reason

The analyst rating for Xiaomi (01810.HK) is maintained as a "Buy" by Goldman Sachs due to several key factors. The introduction of Xiaomi's new open-source model, MiMo-V2-Flash, which is designed for reasoning, coding, and agentic scenarios, highlights the company's rapid development in AI infrastructure and application capabilities. The broker views Xiaomi as emerging as a top-tier open-source model developer, which is expected to enhance the integration of its "Human x Car x Home" ecosystem. Additionally, the company's significant anticipated R&D investments, projected to reach RMB40 billion by 2026 and a cumulative RMB200 billion over the next five years, focusing on critical areas such as chipsets, operating systems, and AI, further supports the positive outlook. The target price set by Goldman Sachs is HKD53.5.

Goldman Sachs

Price Target

$53.5

2025-12-18

maintain

The analyst rating for Xiaomi (01810.HK) is maintained as a "Buy" by Goldman Sachs due to several key factors. The introduction of Xiaomi's new open-source model, MiMo-V2-Flash, which is designed for reasoning, coding, and agentic scenarios, highlights the company's rapid development in AI infrastructure and application capabilities. The broker views Xiaomi as emerging as a top-tier open-source model developer, which is expected to enhance the integration of its "Human x Car x Home" ecosystem. Additionally, the company's significant anticipated R&D investments, projected to reach RMB40 billion by 2026 and a cumulative RMB200 billion over the next five years, focusing on critical areas such as chipsets, operating systems, and AI, further supports the positive outlook. The target price set by Goldman Sachs is HKD53.5.

Morgan Stanley

maintain

$62

2025-12-17

Reason

The analyst rating from Morgan Stanley for XIAOMI-W (01810.HK) is "Overweight" with a target price of HKD 62. The reason for this rating is the release of XIAOMI-W's new open-source large model, MiMo-V2-Flash, which has 309 billion parameters and is seen as competitive with mainstream large language models. This development is viewed as a demonstration of XIAOMI-W's commitment to AI research and development, leading Morgan Stanley to anticipate significant progress for the company in both cloud and edge AI in the future.

Morgan Stanley

Price Target

$62

2025-12-17

maintain

The analyst rating from Morgan Stanley for XIAOMI-W (01810.HK) is "Overweight" with a target price of HKD 62. The reason for this rating is the release of XIAOMI-W's new open-source large model, MiMo-V2-Flash, which has 309 billion parameters and is seen as competitive with mainstream large language models. This development is viewed as a demonstration of XIAOMI-W's commitment to AI research and development, leading Morgan Stanley to anticipate significant progress for the company in both cloud and edge AI in the future.

BOCI

Buy

downgrade

2025-12-16

Reason

The analyst rating from BOCI is a "Buy" for XIAOMI-W (01810.HK), despite challenges in the smartphone industry and uncertainties in EV production. The rationale behind this rating is based on the potential for Xiaomi's new products (including EVs, smartphones, and IoT products) to replicate past successes in the mass market. Although the broker has adjusted its forecasts to account for BOM cost pressures, uncertainty in EV production capacity, and purchase tax subsidy costs, they still believe that the stock can regain its value if these new products perform well. The target price has been lowered from HK$69.04 to HK$56.21, reflecting these adjustments.

BOCI

Buy

Price Target

2025-12-16

downgrade

The analyst rating from BOCI is a "Buy" for XIAOMI-W (01810.HK), despite challenges in the smartphone industry and uncertainties in EV production. The rationale behind this rating is based on the potential for Xiaomi's new products (including EVs, smartphones, and IoT products) to replicate past successes in the mass market. Although the broker has adjusted its forecasts to account for BOM cost pressures, uncertainty in EV production capacity, and purchase tax subsidy costs, they still believe that the stock can regain its value if these new products perform well. The target price has been lowered from HK$69.04 to HK$56.21, reflecting these adjustments.

Goldman Sachs

maintain

$53.5

2025-12-05

Reason

Goldman Sachs rated XIAOMI-W at Buy with a target price of $53.5 due to the expectation of more AI achievements to be announced in the coming quarters. This is linked to XIAOMI-W's ecosystem and its position as the globally largest AIoT connected devices provider, which is expected to drive differentiated development and support its 'Human x Car x Home' ecosystem upgrade strategy.

Goldman Sachs

Price Target

$53.5

2025-12-05

maintain

Goldman Sachs rated XIAOMI-W at Buy with a target price of $53.5 due to the expectation of more AI achievements to be announced in the coming quarters. This is linked to XIAOMI-W's ecosystem and its position as the globally largest AIoT connected devices provider, which is expected to drive differentiated development and support its 'Human x Car x Home' ecosystem upgrade strategy.

News

Forward PE

Forward EV/EBITDA

Forward PS

Financials