Xiaomi Corp stock gains support from buybacks and AI progress

Published on 09/22/2026 at 14:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Xiaomi Corp stock traded at HKD 26.40 on September 21, 2026, while Goldman Sachs kept a HKD 39 target. Xiaomi also repurchased 1.8 million shares.

Xiaomi, KYG9830T1067, Illustration mit AI erstellt.

Xiaomi Corp stock was quoted at HKD 26.40 on the Hong Kong Stock Exchange on September 21, 2026, up 0.99 percent from the previous close. The latest company-related trading signal is a HKD 48.928 million share repurchase on September 22, while Sina Finance reported on September 22 that Goldman Sachs maintained a Buy rating and a 12-month target of HKD 39.

Buyback adds a concrete support

According to Futu News on September 22, Xiaomi repurchased 1.8 million shares at HKD 27.16 to HKD 27.24 per share. The stated cost was HKD 48.928 million, and the shares are intended for cancellation, reducing the number of outstanding shares if completed as described.

The transaction gives the market a measurable capital-return signal rather than an unspecified support statement. The repurchase price was also above the September 21 quote of HKD 26.40, a difference of HKD 0.84 per share, although the two figures refer to different trading dates and purposes.

AI and autos carry the story

TechNode reported on September 22 that Xiaomi released and open-sourced its MiMo-V2.6 models, including the multimodal MiMo-V2.6-Pro and MiMo-V2.6-Flash. The release broadens the company story beyond smartphones and electric vehicles, but the available report does not quantify revenue or profit from the models.

Automotive volume provides the clearest operating comparison in the available current coverage. According to Sina on September 22, Xiaomi recorded August retail sales of 30,153 vehicles and had stayed above 30,000 units for five consecutive months. The same report said cumulative deliveries exceeded 800,000 vehicles by September 7, 2026, after the first delivery in April 2024.

Analyst targets remain divided

Goldman Sachs kept its 12-month target at HKD 39 on September 22, according to Sina Finance. By contrast, ET Net reported on September 22 that UBS cut its Xiaomi target from HKD 32.20 to HKD 30.40 while maintaining a Neutral rating. The HKD 8.60 gap between the two targets shows that analysts are not applying one uniform valuation framework.

For investors, the key tension is visible in the numbers: the HKD 39 Goldman Sachs target is HKD 12.60 above the September 21 quote, while the UBS target of HKD 30.40 is HKD 4.00 higher. Those are analyst estimates, not company guidance or a prediction made by this article.

Stock quote and company data

Xiaomi Corp stock closed at HKD 26.40 on the Hong Kong Stock Exchange on September 21, 2026, with a market capitalization of HKD 679.14 billion in the quoted market data. The primary listing is Hong Kong ticker 1810, and the ISIN is KYG9830T1067.