Search
Goldman Sachs Reaffirms Buy Rating for Xiaomi Group, Citing Strong 618 Shopping Festival Performance
4 day ago /
Read about 0 minute
Author：小编
Goldman Sachs has reiterated its 'Buy' rating for Xiaomi Group* with a target price of HK$58. During the recent 618 shopping festival, Xiaomi reported a Gross Merchandise Volume (GMV) of RMB 35.5 billion, marking a 35% year-on-year increase. This robust performance met analysts' expectations and contributed to 71% of the company's forecasted second-quarter revenue from smartphones and AIoT devices. Investors are now keenly focused on Xiaomi's first-day sales figures for the YU7 electric vehicle, along with the market reception of its diverse array of new products.
-
C114 Communication Network -
Communication Home
7 X 24 Track global technological trends
