Goldman Sachs lifts BYD target to HKD 141 for BYD Company stock

Published on 10/19/2026 at 09:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs lifted its target to HKD 141 on October 18, 2026. BYD Company stock costs EUR 8.42 on October 19, 2026, 0.96 percent above the Xetra close.

Analyst view and reporting date

Goldman Sachs raised its BYD target to HKD 141 on October 18, 2026.
Six-month 2026 revenue fell 7.00 percent to CNY 344.82 billion, while net income fell 20.00 percent to CNY 12.29 billion.
BYD Company stock trades at EUR 8.42 at 9:02 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.96 percent above the Xetra close of October 16, 2026.
BYD is expected to report third-quarter results on October 29, 2026.

Flatlay mit Batteriezelle, Ladekabel, Multimeter und Schaltplan auf Edelstahltisch — BYD Company Ltd (CNE100000296) – Flatlay mit Batteriezelle, Ladekabel, Multimeter und Schaltplan auf Stahltisch, Illustration mit AI erstellt.

BYD Company (CNE100000296) is trading at EUR 8.42 at Lang & Schwarz on October 19, 2026 at 9:02 a.m. CEST, up 0.96 percent versus the Xetra close of October 16, 2026 at EUR 8.34. The latest analyst update came from Goldman Sachs on October 18, 2026, when the bank raised its target for BYD H shares by 8.00 percent to HKD 141 and maintained its Buy rating, according to GMT EIGHT.

Target rises as overseas growth matters

The Goldman Sachs view places international expansion at the center of the next earnings debate. The bank raised its forecast for BYD sales outside the United States between 2026 and 2035 by 5.00 percent to a range of 1.5 million to 3.5 million vehicles, while its forecast for overseas profit contribution rose from 21.00 percent in 2024 to 60.00 percent in 2028, GMT EIGHT reported.

BYD's recent financial picture is more mixed. For the six months ended June 30, 2026, revenue decreased 7.00 percent to CNY 344.82 billion and net income attributable to common shareholders decreased 20.00 percent to CNY 12.29 billion, according to Patria. The comparison makes margin performance a central issue for the next report.

What will the October report clarify?

BYD's chronology combines strong monthly volume with weaker year-to-date deliveries and a fresh analyst revision. On October 8, 2026, September sales reached 463,561 alternative-energy vehicles, up 17.00 percent year over year, according to Boerse Express. On August 28, 2026, BYD reported second-quarter earnings per share of USD 0.13 and revenue of USD 24.10 billion, according to MarketBeat. On October 18, 2026, Goldman Sachs raised its target to HKD 141, as GMT EIGHT reported.

The next scheduled date is October 29, 2026, when BYD is estimated to report third-quarter results after the market closes, according to MarketBeat. Goldman Sachs expects third-quarter revenue of RMB 242.936 billion and net profit of RMB 11.5 billion, giving investors two clear benchmarks for the release.

BYD stock holds above the Xetra close

At Lang & Schwarz, BYD Company stock was trading at EUR 8.42 on October 19, 2026 at 9:02 a.m. CEST, 0.96 percent above the Xetra close of October 16, 2026 at EUR 8.34. The German quote sits within the 52-week range of EUR 8.06 to EUR 12.30, while the market capitalization was EUR 76.6 billion as of October 19, 2026. The further course of trading is shown by the continuously updated real-time quote of BYD Company stock.