Hesai Group can navigate the global trade war better than most, according to Goldman Sachs and Bank of America. Both shops have a buy rating on the company, which makes lidar sensors used in autonomous vehicles. Goldman has a $20.40 target on the stock, which signals about 42% upside. Bank of America did trim its forecast to $21 from $22, though that is still roughly 53% above Wednesday’s close. “Regarding latest concern about the US exposure, management expects US revenue to contribute less than 10% in 2025E, among which 50% tariff will be borne by Hesai and the other 50% will be borne by Hesai’s clients,” Bank of America analyst Jessie Lo wrote in a Wednesday note. “Management is of the view that there is a likelihood of lidar coming under the auto parts list which would be subject to 25% tariff, instead of reciprocal tariff.” HSAI YTD mountain Hesai Group stock in 2025. Tariffs continue to be front of mind for investors, especially since President Donald Trump left in place a 145% duty on China while issuing a pause for the majority of his “reciprocal” tariffs on most countries. In recent days, however, both Trump and Treasury Secretary Scott Bessent have eased their rhetoric on Chinese trade, signaling a deal was possible. But even if trade tensions escalate, Goldman thinks Hesai is well positioned. “With strong product competitiveness and leading market positioning, we see the tariff risk as manageable and non-US market demand remains strong,” analyst Tina Hou wrote Thursday. Hou also said she expects the company’s lidar technology “to become more widely recognized by car OEMs and consumers,” while BofA’s Lo expects the pricing to meaningfully come down and similarly help foster adoption. Nearly all analysts covering Hesai have a buy or strong buy rating, according to LSEG. The average price target implies more than 54% upside. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
