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Investing.com - Piper Sandler initiated coverage on Zhejiang Leapmotor Technology (9863:HK) with an Overweight rating and a price target of HK$69.00.
The research firm highlighted China’s ability to launch electric vehicles more quickly and at lower cost than other countries, with Leapmotor exemplifying this advantage.
Piper Sandler identified Leapmotor as the fastest-growing stock in its coverage universe, noting the company’s distinctive strategy for expansion beyond the Chinese market.
The HK$69 price target is based on 25 times the company’s estimated fiscal year 2026 earnings per share.
Leapmotor, a Chinese electric vehicle manufacturer, has been gaining attention as it represents China’s growing influence in the global EV market.
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