JPMorgan cuts target for BYD Company stock from HKD 124 to HKD 88
Published on 10/05/2026 at 11:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
JPMorgan cut its target for BYD Company stock from HKD 124 to HKD 88 and changed its rating from Overweight to Neutral, according to Stockanalysis. The move puts the analyst view against a mixed operating picture: BYD sold 463,561 new energy vehicles in September 2026, up 16.98 percent year over year, according to CnEVPost on October 1, 2026.
Exports offset domestic pressure
The September total marked BYD's fifth consecutive month of year-over-year sales growth and its highest monthly total in 2026, CnEVPost reported. The company also recorded its seventh consecutive month of sequential growth, with September sales 5.28 percent above August.
The geographic split remains the central investor issue. Overseas sales reached 180,700 vehicles in September, up 153.59 percent year over year, while domestic sales totaled 282,861 vehicles, down 12.97 percent from the same month in 2025, according to CnEVPost. Overseas volume accounted for 38.98 percent of September new energy vehicle sales, compared with 17.98 percent a year earlier.
Electric mix improves in September
Battery-electric passenger vehicle sales reached 273,143 in September, a record monthly level and an increase of 33.21 percent year over year. Plug-in hybrid passenger vehicle sales totaled 183,570, down 2.36 percent, showing why the stronger all-electric mix has become important for BYD's sales recovery.
For the first nine months of 2026, total new energy vehicle sales stood at 3,131,576 units, down 3.94 percent year over year. Passenger battery-electric sales rose 1.50 percent to 1,629,957, while passenger plug-in hybrid sales fell 10.19 percent to 1,448,587, according to CnEVPost.
BYD stock stays near its yearly low
On the Hong Kong Stock Exchange, BYD was last at HKD 74.10 on October 5, 2026 at 4:08 p.m. HKT. The 52-week range was HKD 71.40 to 113.40, leaving the share price 34.66 percent below the high and 3.78 percent above the low.
At Lang & Schwarz, BYD stock was trading at EUR 8.41 on October 5, 2026 at 11:18 a.m. CEST, up 0.12 percent versus the prior close of EUR 8.40 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of BYD Company stock.
BYD Company market snapshot
- Company: BYD Company Limited
- ISIN: CNE100000296
- Ticker: 1211.HK
- Primary exchange: Hong Kong Stock Exchange
- Price Lang & Schwarz (as of October 5, 2026, 11:18 a.m. CEST): EUR 8.41
- Change versus prior close: plus 0.12 percent
- Prior close Lang & Schwarz (October 2, 2026): EUR 8.40
- Market capitalization: HKD 673.2 billion (as of October 5, 2026)
- 52-week range: HKD 71.40-113.40 (as of October 5, 2026)
- Sector / Industry: Consumer discretionary / automobiles
