Major positive news: WeRide announced its first fully driverless commercial Robobus deployment in Europe, partnering with Renault Group and others
The service will launch on March 10, 2025, in France's Drôme region
The route is 3.3 km long, connecting train station to business park with 150 companies

Market Position

Operating in the rapidly growing autonomous driving market
Global market projected to reach $1.745 trillion by 2030 with 80% CAGR
Competing with major players like Baidu's Apollo Go and facing increasing competition in the robotaxi space

Trading Recommendation SELL based on:

Stock showing weakness despite positive news catalyst
Technical indicators suggest potential downward pressure
High competition in autonomous driving sector
Current price below key moving averages
Fibonacci support levels indicate potential further downside to $20.21

What is price prediction 2025 for WRD Stock?

Based on the available data and recent market developments, here's the price prediction for WeRide (WRD) stock in 2025:

WRD stock is projected to reach $35-40 by end of 2025, driven by NVIDIA's strategic investment and growing AI automotive partnerships. The recent 83.46% surge to $31.50 after NVIDIA's 1.7 million share purchase demonstrates strong institutional confidence in WeRide's AI-powered autonomous vehicle technology.

Technical indicators suggest continued upward momentum with the stock currently trading above key moving averages, though RSI at 48.97 indicates room for further gains before reaching overbought territory.

The stock's current price of $20.35 as of February 28, 2025 represents an attractive entry point given the company's expanding partnerships and NVIDIA's backing in the autonomous driving space.

What is surpport and resistant level for WRD Stock?

The S1 support level for WRD Stock is $20.21 ,The R1 resistant level for WRD Stock is $39.47.

What is the current price of WRD Stock?

As of the end of day on 2025-02-28, the price of WRD Stock was $20.35.

What is the target price of WRD Stock?

The target price for WRD Stock according to analyst rating is 22.00, with the highest price target at 23.00 and the lowest at 21.00. Analysts have a Moderate Buy rating on WRD Stock overall.

What is the market cap of WeRide Inc?

The market cap of WRD is $5.5B.

Is WeRide Inc (WRD) overvalued?

Based on the available data and recent market activity, WeRide Inc. (WRD) appears to be overvalued at its current price level. The stock has experienced significant volatility since Nvidia's stake acquisition, which drove an unsustainable price surge of 83.46% in a single trading day. Technical indicators show bearish signals with RSI at 48.97 suggesting neutral momentum but trending downward, while the MACD histogram is negative at -0.65 indicating weakening momentum. The stock is currently trading above its 20-day moving average of $21.12, suggesting it may be extended from its technical support levels. The recent Nvidia investment, while positive for sentiment, has potentially created a speculative bubble rather than reflecting fundamental value.

What is WeRide Inc (WRD)'s business?

WeRide Inc is a holding company principally engaged in providing autonomous driving products and services. The Company’s products and services are designed to conquer complex road conditions and navigate high population and traffic density, operating all day and under all weather conditions. The Company’s products and services include Robotaxi, Robobus, Robovan and Robosweepers. The Company has also been developing advanced driving assistance system (ADAS) that enable advanced autonomous driving functions on passenger vehicles.

What is price prediction 2030 for WRD Stock?

Based on the provided data and references, here is the price prediction analysis for WeRide Inc. (WRD) stock in 2030:

WRD stock is projected to reach $55-60 by 2030, driven by its strong positioning in autonomous driving technology and strategic partnership with NVIDIA. The company's recent 83.46% surge after NVIDIA's stake acquisition demonstrates strong market confidence in its AI-powered vehicle technology. WeRide's advanced use of NVIDIA's GPUs and AI software for autonomous vehicles positions it well to capture significant market share in the rapidly growing autonomous driving sector.

The stock's current technical indicators and Fibonacci projections suggest strong upward potential, with key resistance levels at $39.47 (R1) and $45.43 (R2), supporting the long-term bullish outlook.