Brokerages Set WeRide Inc. (NASDAQ:WRD) PT at $13.13

by · The Cerbat Gem

WeRide Inc. (NASDAQ:WRD – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $13.1250.

WRD has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of WeRide in a report on Monday, December 29th. Citigroup began coverage on shares of WeRide in a report on Monday, September 29th. They set a “buy” rating and a $15.50 price objective on the stock. CLSA started coverage on shares of WeRide in a research report on Monday, January 5th. They set an “outperform” rating and a $13.00 price objective for the company. Finally, Bank of America assumed coverage on shares of WeRide in a research report on Monday, December 1st. They issued a “buy” rating and a $12.00 target price on the stock.

View Our Latest Report on WeRide

Institutional Trading of WeRide

Several institutional investors and hedge funds have recently made changes to their positions in WRD. BlueCrest Capital Management Ltd boosted its position in shares of WeRide by 147.2% in the 3rd quarter. BlueCrest Capital Management Ltd now owns 46,175 shares of the company’s stock valued at $457,000 after purchasing an additional 27,497 shares during the period. Carrhae Capital LLP acquired a new stake in shares of WeRide in the third quarter valued at approximately $16,153,000. Prelude Capital Management LLC purchased a new position in shares of WeRide during the third quarter worth approximately $161,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of WeRide in the 3rd quarter valued at $25,931,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of WeRide by 55.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,621,712 shares of the company’s stock valued at $45,770,000 after acquiring an additional 1,645,769 shares during the period.

WeRide Price Performance

NASDAQ:WRD opened at $9.64 on Monday. WeRide has a 12 month low of $6.03 and a 12 month high of $44.00. The firm has a market capitalization of $3.12 billion, a PE ratio of -11.48 and a beta of 4.32. The business’s fifty day moving average price is $8.61 and its 200 day moving average price is $9.35.

WeRide Company Profile

(Get Free Report)

WeRide Inc (NASDAQ: WRD) is a developer of autonomous driving technology focused on providing Level 4 (L4) self-driving solutions for passenger mobility and logistics. The company’s full-stack platform integrates sensors, computing hardware, software algorithms and vehicle controls to enable driverless taxis, shuttles and goods delivery vehicles. By combining perception, planning and controls in a turnkey system, WeRide aims to accelerate the commercialization of robotaxi services and autonomous fleet operations.

Founded in 2017 and headquartered in Guangzhou, China, WeRide maintains research and development centers in Silicon Valley and China.

Further Reading