Hesai Group Sponsored ADR ( (HSAI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Hesai Group Sponsored ADR stocks are on the rise as Goldman Sachs increases its price target, driven by the anticipated growth in LiDAR adoption in China and globally. The expected boost in advanced driver assistance systems LiDAR volume is a significant factor in this positive outlook. Additionally, Hesai’s expansion plans, including a global offering and a partnership with a U.S.-based robotaxi company, add to the optimism surrounding the stock.
More about Hesai Group Sponsored ADR
YTD Price Performance: 80.10%
Average Trading Volume: 3,312,364
Technical Sentiment Signal: Buy
Current Market Cap: $4.5B
For further insights into HSAI stock on TipRanks’ Stock Analysis page.
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