JPMorgan cuts target to HKD 88 for BYD Company stock
Published on 10/01/2026 at 11:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
JPMorgan cut its rating on BYD Company stock from Overweight to Neutral and reduced its price target from HKD 124.00 to HKD 88.00 on September 29, 2026, according to Markets Insider. The move puts valuation and domestic demand at the center of the BYD debate.
JPMorgan cuts the target
The change was substantial: JPMorgan removed HKD 36.00 from its previous target, a 29.03 percent reduction. The bank cited continued weakness in the Chinese auto sector during the second half of 2026, alongside higher input costs, policy uncertainty and barriers to overseas expansion, Markets Insider reported.
The new target remains HKD 88.00, while the Hong Kong quotation stood at HKD 75.60 on September 30, 2026. JPMorgan's target therefore sat 16.40 percent above that exchange price, based on the figures published by Investing.com.
Exports offset weaker China figures
BYD's first-half 2026 revenue fell 7.10 percent year over year to RMB 344.8 billion, while net profit attributable to shareholders declined 20.50 percent to RMB 12.3 billion, Yahoo Finance reported on September 29, 2026. The earnings comparison explains why a growing international business has not yet translated into stronger group profit.
Exports provide the counterweight. BYD sold 440,293 vehicles in August 2026, up 17.80 percent from a year earlier, while overseas shipments rose 134.50 percent to 189,466, according to Reuters on September 1, 2026. Reuters also said overseas revenue exceeded domestic revenue for the first time in the January-to-June period.
BYD stock stays near its yearly low
BYD Company stock was trading at EUR 8.53 at Lang & Schwarz on October 1, 2026 at 11:45 a.m. CEST, up 0.71 percent versus the prior close of EUR 8.47. The Hong Kong listing's 52-week range was HKD 71.40 to HKD 114.70 as of September 30, 2026, placing the exchange price close to its yearly low.
The further course of trading is shown by the continuously updated real-time quote of BYD Company stock.
BYD Company stock facts
- Company: BYD Company Limited
- ISIN: CNE100000296
- Ticker: 1211
- Primary exchange: Hong Kong Stock Exchange
- Price Lang & Schwarz (as of October 1, 2026, 11:45 a.m. CEST): EUR 8.53
- Change versus prior close: plus 0.71 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 8.47
- 52-week range: HKD 71.40-HKD 114.70 (as of September 30, 2026)
- Sector / Industry: Consumer Cyclical / Auto Manufacturers
