US Stock Market Move | HSAI.US rose by 3%, receiving an increase in institutional forecasts for next year's revenue and net profit.

On Thursday, Hesai (HSAI.US) rose 3% to $29.67. BOCOM INTL released a report stating that Hesai Group Sponsored ADRRobotaxi business orders continue to land, with a solid fundamental, and raised the target price of the US stock based on the DCF model from $27.52 to $34.66. The bank also raised the revenue forecast for Hesai Group Sponsored ADR for 2026 to 2027 by about 2%, to $4.34 billion and $5.75 billion; the net profit forecast was raised by about 6%, to $441 million and $624 million. On September 16th, Hesai Group Sponsored ADR officially listed on the Hong Kong Exchange, becoming the first laser radar enterprise to achieve a dual listing of "US stock + Hong Kong stock". It is reported that Hesai Group Sponsored ADR is currently expanding from a single car-mounted laser radar to new fields such as Siasun Robot & Automation. In the first half of this year, the shipment volume of laser radars in the Siasun Robot & Automation field of Hesai Group Sponsored ADR reached 98,000 units, a year-on-year increase of 692.9%.