0804 GMT - WeRide may benefit from the adoption of autonomous driving in China and international markets, J.P. Morgan analysts write in a note. The brokerage is optimistic about the overall autonomous driving market in the long term. The total addressable market for global and Chinese autonomous driving was $10 billion and $2 billion, respectively, in 2022. The analysts expect the market sizes are expected to reach $1.745 trillion and $639 billion in 2030, respectively. WeRide is one of the most commercially successful L4 autonomous driving companies globally in terms of commercialization revenue, they note. As a technology leader in the industry and one of the first movers with substantial data and accumulated autonomous driving mileage, the brokerage initiates an overweight rating for the stock with a target price of $21.00. Shares last traded at $15.93. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 07, 2025 03:04 ET (08:04 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。