BYD stock gains as Morgan Stanley cuts target to HKD 114

Published on 09/17/2026 at 13:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BYD stock gained 2.46 percent to HKD 81.15 on September 17, 2026. Morgan Stanley cut its target to HKD 114 from HKD 121 and kept Overweight.

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BYD stock (CNE100000296) gained 2.46 percent to HKD 81.15 on September 17, 2026, after Morgan Stanley cut its target to HKD 114 from HKD 121 and kept an Overweight rating. The latest quoted close also leaves the shares below the HKD 107.44 average target shown in MarketScreener's consensus view.

Target cut meets stronger trading

According to JPM HK Warrants, Morgan Stanley adjusted BYD COMPANY (01211.HK) to Overweight from a prior target of HKD 121 to HKD 114 on September 17, 2026. The Globe and Mail also reported on September 16, 2026 that Morgan Stanley set a Buy rating and a target of HKD 114.00 for BYD Co.

That target sits below the HKD 121 level in the same broker update, a cut of HKD 7 or 5.8 percent. In the same consensus snapshot, MarketScreener showed 28 analysts, a Buy mean rating and an average target price of CNY 107.44 for the Hong Kong-listed share class.

Latest quarter still matters

For the most recent quarter ending June 30, 2026, The Globe and Mail said BYD reported revenue of HKD 193.76 billion and net profit of HKD 8.21 billion. The same report put year-earlier revenue at HKD 200.92 billion and net profit at HKD 6.36 billion.

That means revenue fell 3.6 percent year on year, while net profit rose 29.1 percent. A second view from Futu News said Morgan Stanley saw BYD and Geely posting year-on-year profit growth of 30 percent to 40 percent, helped by better gross margins and tighter operating expenses.

Price and market size

BYD ended at HKD 81.15 on September 17, 2026, with the day moving between HKD 78.30 and HKD 81.15. Investing.com showed market capitalization at HKD 821.51 billion and volume at 9.96 million shares for the Hong Kong-listed stock.