US Stocks Move | WeRide continues to rise over 1% pre-market, partners with Uber to expand into the Middle East, receives positive outlook from JPMorgan
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Glonghui, February 9th|WeRide (WRD.US), which closed up 6.11% last Friday (6th), continued to rise 1.41% in pre-market US trading today, reaching $7.92. According to reports, JPMorgan released a research note stating that WeRide announced last Friday (6th) its plan to deploy at least 1,200 robotaxis in partnership with Uber in the Middle East by 2027, which clearly outlines WeRide's path to commercial scale. The bank reiterated its "Overweight" rating on WeRide's US stock and a target price of $17. The bank believes that as the market digests these competitive landscape changes, WeRide's global partnerships, asset-light model, and focus on L4-level ADAS technology will enable it to perform outstandingly in the market. (Glonghui)
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