Morgan Stanley sees 25% upside in new autonomous driving pure play

WeRide, an autonomous driving technology company, enjoys a first-mover advantage in the global self-driving market following its recent IPO at $15.50 a share by Morgan Stanley. Analysts expect WeRide’s stock to reach $23, reflecting a potential 25% increase, as the company offers various driverless vehicles and holds permits in multiple countries. Despite potential regulatory risks and volatile earnings, WeRide’s diverse product offerings and focus on Level 4 autonomous driving position it well for future growth in the expanding market, which is projected to reach $1.745 trillion by 2030.

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