BYD Shares - UBS lifts target as sales growth returns

Edited by ad hoc news Analyst & Consensus Desk. Verified prior to publication on 06/21/2026, 11:49 UTC. Details in the imprint.

BYD (CNE100000296) starts Sunday’s session with a fresh analyst hook. UBS raised its target price on the stock to HK$135 from HK$128 and kept a Buy rating, according to the report cited by Futu.

What UBS highlighted

UBS said BYD returned to year-on-year sales growth in May, the first such increase since last September, and described the sales rebound as a sign of improving market share and earnings visibility.

The bank also noted that demand outside China has strengthened since oil prices rose in March. It added that BYD may exceed its full-year overseas sales target of 1.5 million units.

Sunday’s analyst lens

Sunday’s focus is the analyst angle. A target-price change and rating call give investors a clean read on sentiment, even when the company itself has not issued a fresh release.

The update also pointed to stronger fundamentals than four months ago. UBS said recent announcements on a 4nm autonomous driving chip and robotics are not yet reflected in the share price.

What the company sells

BYD builds battery electric vehicles, plug-in hybrids, batteries, and related components. Its lineup includes the Han sedan, the Seal, and the Tang SUV.

Where the stock trades today

The shares of BYD trade on HKEX at HKD 128.80 as of 06/21/2026, 11:49 UTC.

This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.