JPMorgan Lowers Near-Term Estimates for WeRide (WRD) Citing Gradual Revenue Growth and Regulatory Hurdles

WeRide Inc. (NASDAQ:WRD) is one of the best low priced technology stocks to buy according to analysts. On December 7, JPMorgan analyst Alex Yao lowered the firm’s price target on WeRide to $17 from $21, while maintaining an Overweight rating on the shares. Yao expects WeRide’s revenue growth in China to be gradual until local regulations catch up with autonomous driving technology. Consequently, the firm has reduced its near-term estimates for the company despite a confident outlook on its long-term profitability.

Furthermore, on December 1, Bank of America initiated coverage of WeRide with a Buy rating and $12 price target. The firm expects WeRide Inc. (NASDAQ:WRD) to expand its fleet and achieve profitability by 2029. This growth is projected to be driven by a wider international rollout of robotaxi services, using partnerships and first-mover advantages, coupled with the increasing profitability of the company’s robotaxi operations within the Chinese market.

In Q3 2025, the company’s total revenue reached 171 million RMB, which was a 144% increase year-over-year. This growth was fueled by a 428% surge in product revenue (79 million RMB) and a 67% increase in service revenue (92 million RMB). Most notably, the Robo Taxi segment saw revenue jump 761% to 35 million RMB, now representing 21% of the company’s total income. WeRide significantly expanded its global footprint, now operating in 11 countries and over 30 cities with a fleet of more than 1,600 Level 4 autonomous vehicles.

WeRide Inc. (NASDAQ:WRD) is an investment holding company that provides autonomous driving products and solutions for mobility, logistics, and sanitation industries in the People’s Republic of China.

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Disclosure: None. This article is originally published at Insider Monkey.