UBS initiates WeRide stock with Buy rating, cites diversified product offering

Investing.com - UBS initiated coverage on WeRide Inc (NASDAQ:WRD) with a Buy rating and a $12.00 price target on Monday. The stock, currently trading at $8.74, sits below the broader analyst consensus target range of $13.03 to $21.08, according to InvestingPro data.

The firm cited WeRide’s diversified product offering, which includes L2-L4 robotaxis, robobuses, robosweepers, and robovans, as a key factor in its positive outlook for the autonomous vehicle technology company. With a market capitalization of $2.46 billion, WeRide has shown promising revenue growth of 11.15% over the last twelve months, though InvestingPro analysis indicates the stock is currently overvalued.

UBS highlighted that WeRide has pioneered L4 vehicle deployment across 30 cities in 10 countries and has already begun operations of L4 robotaxis in Beijing, Guangzhou, and Shanghai.

The investment bank expressed approval of WeRide’s pragmatic overseas strategy and noted the company’s top-tier robotaxi technology as strengths in its business model.

UBS projects a 71% compound annual growth rate (CAGR) for WeRide’s revenue from 2025 to 2030, according to its research note.

In other recent news, WeRide reported its second-quarter 2025 earnings, highlighting a substantial increase in revenue. Despite experiencing a net loss, the company has made significant advancements in its autonomous driving technology. WeRide’s expansion efforts and product innovations have positioned it as a notable entity in the autonomous vehicle industry. These recent developments indicate the company’s ongoing commitment to growth and technological progress. While the earnings report did not provide specific figures, the emphasis on revenue growth suggests a positive trajectory. Analysts have not provided any upgrades or downgrades for the company at this time. There were no announcements regarding mergers or acquisitions.

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