Hesai Group Reports Second Quarter 2024 Unaudited Financial Results

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Hesai Group (HSAI) PT Lowered to $7.20 at Citi

August 20, 2024 5:24 AM EDT

Citi analyst Jeff Chung lowered the price target on Hesai Group (NASDAQ: HSAI) to $7.20 (from $8.30) while maintaining a Buy rating.

The analyst comments "Key highlights of analyst briefing takeaways: (1) 3Q/4Q GPM expected at 38-40%, a decrease from 2Qs 45% due to the absence of... More