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<Research>Jefferies Chops XIAOMI-W (01810.HK) TP to $69.85, Keeps Rating at Buy
Recommend 33 Positive 48 Negative 30 |
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Due to weak smartphone demand, XIAOMI-W (01810.HK)'s 2Q25 results may miss expectations, Jefferies published a research report saying. Therefore, the broker chopped its target price from $73 to $69.85, with rating kept at Buy. Third-party data and industry survey show weak global smartphone demand in 2Q25, except for some early demand in the US market, according to the report. Android device inventory remained high, especially in emerging markets such as Southeast Asia and India. Jefferies lowered its 2Q25 smartphone revenue forecast for XIAOMI-W by about 5%, and reduced its gross profit margin forecast by 0.5% to 11.8%. Due to a more pessimistic view on global smartphone demand and competitive landscape, the broker also lowered its long-term gross profit margin forecast for smartphones to slightly below 12%. AASTOCKS Financial News Website: www.aastocks.com |
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