Hesai Group (NASDAQ:HSAI) ranks among the best high growth Chinese stocks to buy. On January 15, BofA Securities reaffirmed its Buy rating for Hesai Group (NASDAQ:HSAI) and raised its price target to $32 from $25. The firm justified its target based on a combination of EV/sales and DCF valuation methodologies.
According to BofA, key catalysts surrounding Hesai Group (NASDAQ:HSAI) include the introduction of new business and sensing technology in the initial half of 2026, the release of improved ATX devices with new chips in the latter half, and additional regulatory developments concerning L3 advanced driver assistance systems.
Hesai Group (NASDAQ:HSAI) has also achieved significant advances in the lidar technology field. The company revealed that it has delivered over 2 million lidars in total, making it the first manufacturer to do so. Moreover, on January 6, NVIDIA picked Hesai Group (NASDAQ:HSAI) as a laser technology partner for its DRIVE AGX Hyperion 10 platform, which aims to achieve Level 4 autonomous driving capabilities.
Hesai Group (NASDAQ:HSAI) designs and manufactures high-performance lidar sensors for applications in autonomous driving, advanced driver-assistance systems (ADAS), and robotics.
While we acknowledge the potential of HSAI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.
Disclosure: None. This article is originally published at Insider Monkey.
