Jan. 6 at 9:34 AM
Wall Street Coverage Turns Constructively Bullish on WeRide
$WRD
CLSA has initiated coverage on WeRide, with an Outperform rating and a
$13 price target, implying roughly 32% upside from recent trading levels around
$9.80. This adds to growing analyst confidence around the company’s trajectory.
WeRide now carries multiple Buy ratings from major institutions:
Bank of America: Buy,
$12 PT
Citigroup: Buy,
$15.50 PT
Consensus (MarketBeat): Moderate Buy,
$13.13 PT
Beyond analyst sentiment, institutional activity is notable. Several funds have recently established or expanded positions, including Carrhae Capital, Mercer Global Advisors, MIRAE Asset, and BlueCrest, signaling increasing interest from long-term capital.