Hesai’s shipment forecasts cut: Why does BofA still favor its new robotics business?
BofA cut its 2026 and 2027 earnings forecasts for Hesai by 44% and 22%, respectively, and lowered its price targets, but maintained its Buy rating. Automotive demand is weighing on current profits, while spatial cameras and actuator modules underpin its long-term view. The key is progress on orders and deliveries for the new businesses.
Bank of America ·