WERIDE-W (00800) rose over 5% in late trading, extending its two-week rally to nearly 25%.
On December 1, ARK Invest, led by renowned investor Cathie Wood, initiated a position in WeRide Inc. (WRD.US), purchasing 417,000 shares, signaling confidence in the company's long-term prospects.
Bank of America also issued its first coverage report on WeRide, assigning a "Buy" rating with price targets of $12 for its U.S. shares and HK$31 for its Hong Kong shares, implying upside potential of approximately 45.6% and 50%, respectively.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments