WeRide (NASDAQ:WRD) Shares Gap Up – Should You Buy?

Shares of WeRide Inc. (NASDAQ:WRD) gapped up prior to trading on Monday . The stock had previously closed at $6.95, but opened at $7.41. WeRide shares last traded at $7.1350, with a volume of 1,136,127 shares.

Trending Headlines about WeRide

Here are the key news stories impacting WeRide this week:

• Positive Sentiment: WeRide and Uber launched fully driverless, fare‑charging robotaxi operations in Dubai (bookable via the Uber app), a major commercial milestone supporting growth in the Middle East. WeRide and Uber Launch Fully Driverless Robotaxi Fare-Charging Operations in Dubai
• Positive Sentiment: Uber has increased its stake / ramped up its partnership with WeRide as robotaxi operations expand in Dubai, signaling strategic support and potential for deeper commercial integration. Uber increases stake in WeRide as robotaxi partnership ramps up in Dubai
• Positive Sentiment: Media reports confirm Uber holds a ~5.8% passive stake in WeRide, which reduces strategic risk and underpins the partnership narrative. Uber confirms holding a 5.8% passive stake in WeRide
• Positive Sentiment: WeRide announced a 10% share buyback and expansion of its autonomous vehicle program, which supports near-term shareholder returns and signals management confidence. WeRide (WRD) Is Up 9.5% After Launching 10% Buyback And Expanding Autonomous Vehicle Program
• Positive Sentiment: HSBC initiated coverage with a Buy rating and $11.40 price target, giving an analyst-implied upside that supports investor demand. Benzinga
• Positive Sentiment: Dubai is rolling out robotaxi capacity (reports of 100 robot taxis in Jumeirah and Umm Suqeim), creating a larger market for WeRide’s deployments and scale opportunities. Dubai launches 100 robot taxis in Jumeirah and Umm Suqeim via Uber and Apollo Go
• Neutral Sentiment: Corporate governance update: WeRide reported the retirement of non‑executive director Kazuhiro Doi and an updated board composition; routine board changes are unlikely to materially shift fundamentals. WeRide Updates Board Composition Following Retirement of Non-Executive Director Doi
• Negative Sentiment: Analysts and commentators are also flagging valuation and recent volatility (coverage questioning whether recent price action and a ~48.7% slide leave the stock attractively priced), which could cap near‑term upside. Is WeRide (WRD) Pricing Make Sense After A 48.7% Share Price Slide?

Analysts Set New Price Targets

WRD has been the subject of several research reports. BNP Paribas Exane assumed coverage on shares of WeRide in a research report on Thursday, March 26th. They issued an “outperform” rating and a $11.00 price objective for the company. Zacks Research raised shares of WeRide from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 23rd. CLSA started coverage on WeRide in a report on Monday, January 5th. They issued an “outperform” rating and a $13.00 price target for the company. Citigroup reissued a “buy” rating on shares of WeRide in a research note on Monday, January 19th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of WeRide in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, WeRide has an average rating of “Moderate Buy” and a consensus target price of $12.48.

WeRide Stock Up 13.8%

The stock’s 50 day moving average is $7.36 and its two-hundred day moving average is $8.72. The company has a market capitalization of $2.62 billion, a PE ratio of -10.79 and a beta of 4.35.

WeRide (NASDAQ:WRD) last posted its earnings results on Monday, March 23rd. The company reported ($0.24) EPS for the quarter. WeRide had a negative net margin of 240.54% and a negative return on equity of 24.38%. The business had revenue of $44.88 million for the quarter. On average, sell-side analysts predict that WeRide Inc. will post -0.68 EPS for the current fiscal year.

Hedge Funds Weigh In On WeRide

Institutional investors have recently bought and sold shares of the business. China UAE Investment Cooperation Fund L.P. purchased a new stake in WeRide during the fourth quarter worth $67,443,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of WeRide by 55.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,621,712 shares of the company’s stock valued at $45,770,000 after acquiring an additional 1,645,769 shares during the period. FengHe Fund Management Pte. Ltd. increased its holdings in shares of WeRide by 198.5% in the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 4,175,181 shares of the company’s stock valued at $36,241,000 after acquiring an additional 2,776,381 shares during the period. Temasek Holdings Private Ltd raised its position in shares of WeRide by 119.7% in the 4th quarter. Temasek Holdings Private Ltd now owns 2,978,803 shares of the company’s stock worth $25,856,000 after acquiring an additional 1,623,156 shares in the last quarter. Finally, UBS Group AG raised its position in shares of WeRide by 89.2% in the 4th quarter. UBS Group AG now owns 2,768,106 shares of the company’s stock worth $24,027,000 after acquiring an additional 1,305,321 shares in the last quarter.

WeRide Company Profile

WeRide Inc (NASDAQ: WRD) is a developer of autonomous driving technology focused on providing Level 4 (L4) self-driving solutions for passenger mobility and logistics. The company’s full-stack platform integrates sensors, computing hardware, software algorithms and vehicle controls to enable driverless taxis, shuttles and goods delivery vehicles. By combining perception, planning and controls in a turnkey system, WeRide aims to accelerate the commercialization of robotaxi services and autonomous fleet operations.

Founded in 2017 and headquartered in Guangzhou, China, WeRide maintains research and development centers in Silicon Valley and China.