Goldman Sachs Lifts Hesai (HSAI) PT After Q1 Report

On May 27, Goldman Sachs raised the firm’s price target on Hesai Group (NASDAQ:HSAI) from $20.4 to $23.3, while keeping a Buy rating on the stock.

The increased price target comes after the company released its fiscal Q1 2025 results earlier today. The stock has gained more than 324.53% over the past year.

The company grew its quarterly revenue by 46.3% year-over-year to reach RMB 525.3 million ($72.4 million). The revenue missed analyst estimates by $530,610, but was in-line with management’s guidance of RMB 520 million and RMB 540 million. Notably, the net loss declined by 84% to RMB 17.5 million.

Management attributed this improvement to increased shipment volume which was more than triple when compared to last year’s volume. Looking ahead, Hesai Group (NASDAQ:HSAI) expects second quarter revenue between RMB 680 million to RMB 720 million, indicating 48% to 57% increase year-over-year.

Hesai Group (NASDAQ:HSAI) is a Chinese holding company that manufactures three-dimensional light detection and ranging (LiDAR) solutions. Its technology and solutions are vital for advanced driver assistance systems (ADAS) and autonomous driving industry.

While we acknowledge the potential of HSAI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HSAI and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.