JPMorgan Lowers Near-Term Estimates for WeRide (WRD) Citing Gradual Revenue Growth and Regulatory Hurdles
WeRide Inc. (NASDAQ:WRD) is one of the best low priced technology stocks to buy according to analysts. On December 7, JPMorgan analyst Alex Yao lowered the firm’s price target on WeRide to 21, while maintaining an Overweight rating on the shares. Yao expects WeRide’s revenue growth in China to be gradual until local regulations catch up with autonomous driving technology. Consequently, the firm has reduced its near-term estimates for the company despite a confident outlook on its long-term profit ...