BNP Paribas Initiates Coverage of Hesai (HSAI) with an Outperform Rating

Hesai Group (NASDAQ:HSAI) is one of the 7 Fastest Growing Asian Stocks to Buy.

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.

While we acknowledge the risk and potential of HSAI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HSAI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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