JPMorgan downgrades BYD Company stock to HKD 65.00 target
Published on 10/27/2026 at 09:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- JPMorgan downgraded BYD to Underweight and set a HKD 65.00 target on October 26, 2026.
- BYD reported CNY 344.8 billion in first-half 2026 revenue and CNY 12.3 billion in net profit.
- BYD Company stock trades at EUR 7.99 at 9:03 a.m. CET at Lang & Schwarz on October 27, 2026, 0.62 percent below the Xetra close of October 26, 2026.
BYD Company stock (ISIN CNE100000296) was trading at EUR 7.99 at Lang & Schwarz on October 27, 2026 at 9:03 a.m. CET, down 0.62 percent versus the Xetra close of October 26, 2026 at EUR 8.04. MarketScreener reported on October 26, 2026 that JPMorgan downgraded BYD to Underweight and adjusted its target to HKD 65.00.
Target cut meets earnings date
The downgrade arrives before BYD's third-quarter reporting date. Moomoo lists CNY 233.51 billion as the revenue estimate and CNY 11.30 billion as the net income estimate for the third quarter of 2026.
The latest reported interim picture was weaker on revenue but stronger on profit. Simply Wall St reported that first-half 2026 revenue fell 7 percent year over year to CNY 344.8 billion, while net profit declined 21 percent to CNY 12.3 billion.
Three events set the context
On August 28, 2026, BYD reported first-half revenue of CNY 344.8 billion and net profit of CNY 12.3 billion. On October 9, 2026, September sales reached 463,561 vehicles, up 17.0 percent year over year, including overseas deliveries of 181,000 vehicles, up 153.9 percent, according to Futunn. On October 26, 2026, JPMorgan downgraded the stock and set a HKD 65.00 target.
What does the downgrade mean for earnings?
The target cut places the upcoming CNY 233.51 billion revenue estimate against a recent half-year decline of 7 percent. That comparison makes the October 29 results important for judging whether international sales growth can offset softer domestic demand.
Next reporting date
Moomoo lists October 29, 2026 as the date for BYD's third-quarter results.
Stock trades below the Xetra close
At EUR 7.99, the Lang & Schwarz quote was EUR 0.05 below the October 26, 2026 Xetra close of EUR 8.04. The modest daily decline leaves the analyst downgrade and the approaching results release as the two dated reference points for the stock.
The further course of trading is shown by the continuously updated real-time quote of BYD Company stock.
BYD Company market facts
- Company: BYD Company Limited
- ISIN: CNE100000296
- WKN: A0M4W9
- Ticker: 01211
- Primary exchange: Hong Kong Stock Exchange
- Price Lang & Schwarz (as of October 27, 2026, 9:03 a.m. CET): EUR 7.99
- Change versus Xetra close: minus 0.62 percent
- Xetra close (October 26, 2026): EUR 8.04
- Market capitalization: EUR 72.9 billion (as of October 27, 2026)
- 52-week range: EUR 7.63-12.30 (as of October 27, 2026)
- Sector / Industry: Consumer Cyclical / Auto Manufacturers
- Index membership: Hang Seng Index
Market context: Latest market reports.
