Stock Track | Hesai Group Soars 9.38% as Goldman Sachs Upgrades to Buy, Raises Price Target

Stock Track

01-14

In the pre-market trading session on Tuesday, Hesai Group (HSAI) stock soared 9.38%, driven by a bullish analyst action from Goldman Sachs. The influential Wall Street firm upgraded Hesai Group to a Buy rating from Neutral and significantly raised its price target to $18.40 from $5.50.

Goldman Sachs' positive outlook on Hesai Group sparked investor interest and buying in the company's shares, propelling the stock's soaring movement. Analysts on average have a Buy rating and a mean price target of $12.64 for HSAI, according to FactSet data.

The strong analyst action from Goldman Sachs reflects optimism regarding Hesai Group's prospects and growth potential, fueling the stock's rally during Tuesday's pre-market trading session.

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