Wall Street Bullish on WeRide Inc. (WRD), Here's Why

​WeRide Inc. (NASDAQ:WRD) is one of the Best Autonomous Vehicle Stocks to Buy Now. Wall Street is bullish on the stock, with all 13 analysts covering the stock having a Buy rating. On January 18, Jeff Chung from Citi reiterated a Buy rating on WeRide Inc. (NASDAQ:WRD) with a $15.3 price target.

​Earlier, on January 14, the company announced the launch of the WeRide Go Robotaxi service as a Mini Program within WeChat. Management noted that WeChat is owned by Tencent  with more than 1 billion users in China. As a result of this launch, users would be able to book fully driverless Robotaxi rides directly in WeChat by searching for “WeRide Go.” This allows the user to skip the need for a separate app download.

​The service is currently available in Guangzhou’s Huangpu district, Beijing’s Yizhuang district, and Abu Dhabi, the capital of the UAE. Management noted that this is an important step towards the company’s goal of tens of thousands of Robotaxis by 2030.

​WeRide Inc. (NASDAQ:WRD) 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.