✕

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

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.

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 expects second quarter revenue between RMB 680 million to RMB 720 million, indicating 48% to 57% increase year-over-year.

Hesai Group 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.

READ NEXT: 11 Most Promising New Technology Stocks According to Analysts and 12 Best Growth Stocks to Buy and Hold for the Long Term.