From Yahoo Finance: 2025-05-24 15:37:00

Morgan Stanley lowered WeRide Inc. (NASDAQ:WRD) stock price target from $23 to $13 due to high volatility in the Chinese robotaxi market. Q1 2025 revenue increase was only 1.8%, signaling slower growth. Competition in autonomous driving market is rising, especially from aggressive OEMs entering Robotaxi business.

WeRide Inc. (NASDAQ:WRD) is expanding globally, partnering with Uber for $100 million equity investment and launching driverless Robotaxi testing in Abu Dhabi. Services are now available in three Chinese cities and expanding to European countries like Switzerland, Spain, and France.

Despite lower volume forecasts for Robobus and Robosweeper businesses, Morgan Stanley remains positive on WeRide’s long-term outlook and Uber collaboration. WeRide offers autonomous driving products for various industries, including Robotaxi, Robobus, Robovan, and Robosweepers.



Read more at Yahoo Finance: Morgan Stanley Maintains Overweight on WeRide (WRD) Stock, Cuts PT