Goldman Sachs Lifts Hesai (HSAI) PT After Q1 Report

On May 27, Goldman Sachs raised the firm’s price target on Hesai Group (NASDAQ:HSAI) from $20.4 to $23.3, while keeping a Buy rating on the stock.

The increased price target comes after the company released its fiscal Q1 2025 results earlier today. The stock has gained more than 324.53% over the past year.

Goldman Sachs Raised its Price Target on Hesai (HSAI), After Q1 2025 Results

Logistics robots filling packages in a warehouse, preparing for delivery.

The company grew its quarterly revenue by 46.3% year-over-year to reach RMB 525.3 million ($72.4 million). The revenue missed analyst estimates by $530,610, but was in-line with management’s guidance of RMB 520 million and RMB 540 million. Notably, the net loss declined by 84% to RMB 17.5 million.

Management attributed this improvement to increased shipment volume which was more than triple when compared to last year’s volume. Looking ahead, Hesai Group (NASDAQ:HSAI) expects second quarter revenue between RMB 680 million to RMB 720 million, indicating 48% to 57% increase year-over-year.

Hesai Group (NASDAQ:HSAI) is a Chinese holding company that manufactures three-dimensional light detection and ranging (LiDAR) solutions. Its technology and solutions are vital for advanced driver assistance systems (ADAS) and autonomous driving industry.

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Disclosure: None.