Goldman Sachs: Reiterates Xiaomi Group-W (01810) “Buy” Rating Target Price Increase to HK$27.8

The Zhitong Finance App learned that Goldman Sachs released a research report stating that it reaffirmed the Xiaomi Group-W (01810) “buy” rating and raised the target price from HK$27.5 to HK$27.8.

According to the report, it continues to see the encouraging trend of the Xiaomi Group under the “Human x Car x Home” strategy, and is particularly confident in the strong AIoT data for the third quarter, thanks to continued market share growth in key vertical sectors (such as white goods, high-end TVs) and domestic trade-in programs.

Goldman Sachs raised the revenue forecast for the third and fourth quarters of Xiaomi AIoT by 5% each, and the forecast for 2025 to 2026 by 3%. It also raised the Group's revenue and adjusted net profit by 0 to 2% from this year to 2026. The bank expects October to be a strong month for Xiaomi, mainly reflected in three aspects, including an increase in SU7 deliveries; the launch of the Xiaomi 15 series before the end of the month.