Hesai Group (HSAI) stock soared 6.89% in the pre-market trading session on Tuesday, driven by a bullish analyst action. Goldman Sachs upgraded the company to Buy from Neutral and significantly raised its price target to $18.40 from $5.50.
The positive outlook from the influential Wall Street firm sparked investor interest and buying in Hesai shares. Analysts on average have a Buy rating and a mean price target of $12.64 for the stock, according to FactSet data.
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