Target price $15.5. Harvest Capital receives a "buy" rating from Citibank.

On September 28th, Citibank released a research report on autonomous driving technology company WeRide, covering the company for the first time and giving it a buy rating with a target price of $15.50. Based on WeRide's current stock price of $10.19, there is a 52.1% upside potential. Citibank stated in the report that WeRide's overseas business layout and significant progress, 2,000 TOPS high computing power domain control platform, robust cost structure, and close cooperation with leading platform companies are strong drivers supporting its future business development. The expansion of the Robotaxi industry market and the trend of cost reduction are also important catalytic factors.