In a report released yesterday, from Huatai Securities maintained a Buy rating on Zhejiang Leapmotor Technology Co., Ltd. Class H, with a price target of HK$70.52. The company’s shares closed yesterday at HK$42.68.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zhejiang Leapmotor Technology Co., Ltd. Class H with a HK$66.46 average price target, implying a 55.72% upside from current levels. In a report released on May 18, CMB International Securities also maintained a Buy rating on the stock with a HK$60.00 price target.
Based on Zhejiang Leapmotor Technology Co., Ltd. Class H’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$12.12 billion and a net profit of HK$16.52 million. In comparison, last year the company earned a revenue of HK$4.42 billion and had a GAAP net loss of HK$1.11 billion
