WeRide Pursues Hong Kong Listing Amid Global Expansion

The latest update is out from WeRide ( (WRD) ).

WeRide Inc. has filed for a dual primary listing on the Hong Kong Stock Exchange, marking a significant step in its global expansion strategy. The company has recently expanded its international presence, integrating autonomous robotaxis in Dubai and securing autonomous driving permits in several countries, including Saudi Arabia and Belgium. WeRide has also announced strategic partnerships with Uber and Grab, alongside a $100 million equity investment from Uber. Despite these advancements, WeRide anticipates a net loss for 2025 due to increased research and development and selling expenses as it continues to expand its operations.

The most recent analyst rating on (WRD) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on WeRide stock, see the WRD Stock Forecast page.

Spark’s Take on WRD Stock

According to Spark, TipRanks’ AI Analyst, WRD is a Neutral.

WeRide Inc.’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and persistent losses. Technical analysis provides some support, but the valuation remains unattractive due to negative earnings. The absence of earnings call insights and corporate events limits additional context.

To see Spark’s full report on WRD stock, click here.

More about WeRide

WeRide Inc. operates in the autonomous driving technology industry, focusing on the development and deployment of autonomous vehicles such as robotaxis and minibuses. The company is actively expanding its market presence globally, with a focus on integrating its technology into public transportation systems and collaborating with major partners like Uber and Grab.

Average Trading Volume: 7,338,106

Technical Sentiment Signal: Sell

Current Market Cap: $2.95B

For an in-depth examination of WRD stock, go to TipRanks’ Overview page.