0431 GMT - Xiaomi's booming EV sales and faster growth for its smartphone and smart home appliances segments bode well for its business, Barclays analysts say in a research note. Xiaomi's IoT and lifestyle segment, which includes its smart home appliances, could see a 45% on year rise in revenue in 4Q on China's consumption subsidies, they say. Meanwhile, China's newly launched smartphone subsidies could drive upside in 1Q and beyond, they note. Globally, they think Xiaomi could continue to gain smartphone market share as it makes progress in its premiumization and regional expansion strategy. It also has significant future export opportunities for its smart home appliances and EVs, they add. Barclays maintains an overweight call on Xiaomi and raises its ADR target to $40.00 from $24.00. Shares last ended at $31.35.(sherry.qin@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 23:31 ET (04:31 GMT)
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