Hesai Group
No enriched coverage for $HSAI in the last 7 days.
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M&T Bank Corp recently acquired 129,635 shares of Hesai Group Sponsored ADR (NASDAQ:HSAI) potentially valued at $2.9 million, establishing a new position in the company. Institutional investors now hold approximately 48.53% of HSAI, with Goldman Sachs Group Inc. significantly increasing its stake. The consensus among analysts is a "Buy" rating for Hesai Group, with a price target of $29.96.
Hesai Group Sponsored ADR (NASDAQ:HSAI) has received an average "Buy" rating from eight brokerages, with a consensus one-year price target of $29.96. The company recently traded at $22.34 and reported $0.16 EPS on $143 million revenue, with analysts forecasting a $0.67 EPS for the current year. Institutional investors own approximately 48.5% of the stock.
Hesai Group has introduced a new 6D full-colour lidar platform that can detect color to improve object identification for autonomous driving. This innovation is expected to significantly enhance sensing capabilities, helping electric vehicles more reliably identify critical colored objects like traffic lights and construction signs. The new ETX lidar sensors are anticipated to be available in the second half of this year.
