0609 GMT - Xiaomi retains its outperform rating from Bernstein, thanks to its premiumization through technology, strong overseas Internet-of-Things potential, and growth opportunities in EVs both in China and abroad, says Bernstein analysts in a note. Xiaomi's stock price corrected from its peak by around 28% since late September, they note, and recommend long-term investors buy the stock at current attractive levels. Xiaomi has faced several headwinds, including a fatal EV accident in mid-October, concerns over EV order demand, rising memory costs impacting smartphone margins, slowing IoT momentum, and profit-taking from a strong performance year-to-date, they add. The challenges of smartphone margin pressure and IoT slowdown may persist for several quarters, they add.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
November 12, 2025 01:09 ET (06:09 GMT)
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