Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter
Currently, the analyst consensus on Xiaomi is a Strong Buy with an average price target of HK$40.74, implying a 36.88% upside from current levels. In a report released on May 28, DBS also maintained a Buy rating on the stock with a HK$43.00 price target.
Based on Xiaomi’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$115.96 billion and a net profit of HK$11.9 billion. In comparison, last year the company earned a revenue of HK$88.89 billion and had a net profit of HK$5.1 billion
