0956 GMT - Xiaomi's strong momentum across all business segments is likely to continue this year, Bernstein analysts write in a note. The company's 1Q performance was impressive across the board, thanks to significant gains in smartphone market share in China and robust growth in Internet-of-Things demand, they say. Xiaomi is well-positioned to benefit from China's subsidy policies in both the smartphone and IoT sectors due to its product portfolio, they say. Looking ahead, the brokerage raised its revenue forecast by 4% for this year and 3% for 2026. Bernstein reiterates the outperform rating for the company and raises its target price to HK$60.00 from HK$55.00. Shares last closed at HK$50.95. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 30, 2025 05:56 ET (09:56 GMT)
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