Target price raised to HK$408! Shenwan Hongyuan maintains "Buy" rating on Momenta (06880.HK), bullish on overseas expansion and R7 mass production progress.

Zhito Finance APP has learned that recently, Shenwan Hongyuan released its latest research report, raising the target price of MOMENTA-W (06880.HK) to HK$408 and maintaining a "Buy" rating. The report believes that Momenta has made significant progress in its overseas business, and the iteration of the R7 world model and the results of mass-production deliveries are gradually emerging, providing support for the company's growth.