Citigroup lowers the target price of Xiaomi Group-W (01810.HK) to HK $73 and rates it as a "buy."

According to the Etnet Financial News app, Citigroup issued a research report stating that based on the latest operating guidelines, it has lowered Xiaomi Group-W's (01810.HK) 2025 revenue and adjusted net profit forecast by 0.8% and 4.1% respectively. The forecast for 2026 and 2027 remains relatively unchanged, with adjusted net profit expected to grow by 67%, 34%, and 27% year-on-year from 2025 to 2027. The forecast for smartphone shipments from 2025 to 2027 has been raised to 177 million, 185 million, and 193 million units. The target price has been slightly reduced from HK$73.5 to HK$73, with a "buy" rating.