As previously reported, Jefferies initiated coverage of NaaS with a Buy rating and $4.50 price target. Calling the company “a one-stop charging solution provider,” Jefferies is confident NaaS will “maintain its leadership in online charging platforms” and benefit from rising charging volume in China and overseas, the analyst tells investors. The firm expects revenue to grow by seven times in 2023-25 and for NaaS to turn profitable in 2025, the analyst added.
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