Here's What the Wall Street Thinks About WeRide Inc (WRD)

WeRide Inc. (NASDAQ:WRD) is one of the Stocks to Buy Under $10 with High Potential. On January 10, Huatai Securities maintained a Buy rating on WeRide Inc. (NASDAQ:WRD) with a price target of HK$52. Earlier on December 1, Bank of America Securities initiated coverage on the stock with a Buy rating and a price target of $12.

BofA noted that they view the company as a growing level 4 autonomous service provider internationally. The firm noted that they also see significant growth potential for the company in new and emerging markets. BofA expects the company to grow its fleet size and achieve profitability by 2029. This positive outlook is driven by the company’s efforts to expand robotaxi services overseas through partnerships. WeRide Inc. (NASDAQ:WRD) also enjoys a significant first-mover advantage in the AV space.

Moreover, BofA expects the company to improve its profitability in China, driven by better economies of scale. The firm anticipates WeRide to leverage its unified technology platform to expand into robobuses, robosweepers, and robowans in China.

WeRide Inc. (NASDAQ:WRD) is an investment holding company that provides autonomous driving products and solutions for mobility, logistics, and sanitation industries in the People’s Republic of China.

While we acknowledge the potential of WRD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.