BYD stock forecast: Third-party price target
BYD stock forecast: How do analysts view BYD?
Analysts remain largely positive on BYD, citing strong sales momentum and competitive positioning despite pricing pressures. Morningstar’s Vincent Sun reiterated a $372 HKD price target and a ‘three-star’ rating, highlighting stronger-than-expected 2024 vehicle sales, which exceeded Morningstar’s forecast by 10%. He expected higher vehicle margins to offset increased sales and operating expenses, helping BYD maintain its leading market position.
Sun also noted the launch of AI-powered advanced driver assistance systems (ADAS) at no extra cost which enhances BYD’s competitiveness.
JP Morgan’s Nick Lai set a $600 HKD price target and maintained a ‘buy’ rating on 19…
