Xiaomi Stock Rally Before Earnings Outshines Analyst Forecasts
- Shares are now trading above the average analyst price target
- The market is pricing in more volatility after the results
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Xiaomi Corp.’s recent stock rally has been so strong that its price has surpassed analysts’ expectations, raising questions about how much further it can go as the company prepares to report earnings.
Shares of the smartphone maker have almost quadrupled in the past year, far beating all the other members of the Hang Seng Tech Index. They closed at HK$55.80 on Monday, higher than the average analyst price estimate of HK$54.99 for the next year.