BYD Stocks, a known name in the world of electric vehicles (EV), have had their ups and downs lately. It seems,
Berkshire Hathaway, owned by Warren Buffet, has trimmed its stake in BYD below 5%, showing a loss of big player's confidence, however, it remains secret why this move took place.
EU's tariff plans initially led to a downfall in stocks for both, BYD and Nio, but shares surprisingly rebounded once the tariffs were unveiled, as they were lower than anticipated.
BYD overcame Tesla recently to become the world's largest EV seller but suffered from an earnings miss amidst a price war, resulting in a substantial plunge in shares.
AI predicts the stock price for BYD for end of 2024.
JPMorgan hiked BYD's price target by over 80% on outlook.
BYD's Quarter 1 earnings highlights were compared with those of Boyd gaming, revealing that BYD fell short but showed impressive margins amidst a price war. Despite a slowdown in profit growth in Q1, analysts remain bullish on BYD.
BYD's shares further rose due to a proposed plan for buying back stocks and a plan to launch more luxury models.
BYD seems to be in the midst of a price war, but it managed to post a record sales rise owing to price cuts and tech upgrades.
BYD Stocks News Analytics from Tue, 05 Dec 2023 08:00:00 GMT to Fri, 09 Aug 2024 18:04:16 GMT -
Rating 3
- Innovation 4
- Information 8
- Rumor 4
