HSBC Research Updates Investment Ratings for Chinese Tech Stocks

Apr 16, 2025

HSBC Research has released an updated report on the investment ratings and price targets for several Chinese technology stocks. Notable mentions include Pinduoduo (PDD, Financial), rated as "Buy" with a target price of $170, and Alibaba (BABA), also rated "Buy" with a target of $176. JD.com (JD) and NetEase (NTES) have "Buy" ratings with target prices of $58 and $120, respectively.

TAL Education (TAL) and Full Truck Alliance (YMM) are both rated "Buy" with target prices of $14.6 and $18, respectively. Boss Zhipin (BZ) and New Oriental Education (EDU) maintain "Buy" ratings with targets of $22 and $60.

Meanwhile, Tencent Music (TME) and Baidu (BIDU) are rated "Hold" with target prices of $14 and $94, respectively.

The evaluation underscores the positive outlook HSBC has on these tech firms, emphasizing growth potential and strategic positioning within the market.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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