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Goldman Sachs: Ups Target Prices for BYD's A-Shares and H-Shares; Identifies Overseas Markets as a Crucial Growth Driver
2025-11-04 /
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Author：小编
Goldman Sachs projects that overseas markets will emerge as a pivotal growth catalyst for BYD in the upcoming decade. Consequently, the firm has revised upward its sales projections for BYD in overseas markets (excluding the United States), leading to an 8% hike in the target prices for BYD's A-shares and H-shares, which now stand at RMB 144 and HKD 141, respectively. Simultaneously, Goldman Sachs has adjusted its sales forecasts for BYD in these overseas markets (excluding the United States) by a range of 5% to 14% for the 2026-2035 period, anticipating sales volumes of 1.5 million to 3.5 million units. The investment bank continues to maintain a 'buy' recommendation for both BYD's A-shares and H-shares.
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