5 Fastest Growing Asian Stocks to Buy

3. Hesai Group (NASDAQ:HSAI)

On March 26, 2026, BNP Paribas initiated coverage on Hesai Group (NASDAQ:HSAI) with an Outperform rating and a $4.34 price target.

On March 24, 2026, BofA analyst Jessie Lo lowered the price target on Hesai Group (NASDAQ:HSAI) to HK$234 from HK$250 previously and maintained a Buy rating following Q4 results, noting expectations for continued profitability in Q1 despite seasonal pressure from the auto market. Jessie Lo said the revised target reflects updated forecasts while pointing to potential upside as the company expands its role in physical AI applications.

On March 24, 2026, Hesai Group (NASDAQ:HSAI) reported fourth-quarter EPS of 16c, compared to 17c a year ago, with revenue of $143.07M versus $38.5M last year. Chief Executive Officer Yifan Li said that 2025 was a “landmark year,” highlighting GAAP profitability and a leading position in automotive lidar, while noting expansion across OEM partnerships and robotics applications. The company expects FY26 lidar shipments of 3M to 3.5M units.

Hesai Group (NASDAQ:HSAI) develops and sells LiDAR solutions for automotive and robotics applications globally.