HSBC sets HKD 33.20 target for Xiaomi Corp stock

Published on 10/12/2026 at 10:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC set a HKD 33.20 target on September 30, 2026. Xiaomi Corp stock costs EUR 2.79 on October 12, 2026, 49.18 percent below its EUR 5.49 high.

Key points in brief

HSBC initiated Xiaomi coverage with a HKD 33.20 price target and Buy rating on September 30, 2026.
Xiaomi reported RMB 108.9 billion revenue and RMB 6.2 billion adjusted net profit for the second quarter of 2026.
The stock was at EUR 2.79 at Lang & Schwarz on October 12, 2026, 49.18 percent below its EUR 5.49 52-week high.

Xiaomi Corp., KYG9830T1067, Illustration mit AI erstellt.

HSBC set a HKD 33.20 price target for Xiaomi Corp stock on September 30, 2026, when the bank initiated coverage with a Buy rating. The target and rating were reported by wallstreetONLINE.

Three figures define the story

On August 18, 2026, Xiaomi reported second-quarter revenue of RMB 108.9 billion and adjusted net profit of RMB 6.2 billion in its interim results. The figures were presented in the company's investor-relations materials and conference call, with the call transcript available through Yahoo Finance.

On September 30, 2026, HSBC described 2026 as a transition year because high memory costs pressure the smartphone business. The bank expects higher smartphone margins from the fourth quarter, while Xiaomi's second-quarter smartphone shipments reached 31.2 million units and vehicle deliveries reached 104,199 units.

On October 5, 2026, Borse Express reported that Xiaomi's September vehicle deliveries exceeded 40,000 units and that the new model range passed 10,000 deliveries in its first month. That operating data gives the electric-vehicle segment a concrete counterweight to the smartphone margin pressure.

What does the EV ramp change?

Xiaomi's second-quarter smart EV, AI and other new initiatives segment generated RMB 24.9 billion of revenue, up 17.1 percent year over year, while the segment recorded an operating loss of RMB 2.6 billion. The comparison shows both the scale of the new business and the investment burden attached to its expansion.

Next company dates

Borse Express reported October 15, 2026 as the planned stable rollout date for HyperOS 4 in China. StockAnalysis lists November 20, 2026 as the estimated next earnings date in its Xiaomi company overview.

Xiaomi stock remains below its high

Xiaomi stock was trading at EUR 2.79 at Lang & Schwarz on October 12, 2026 at 10:10 a.m. CEST. The price stood 49.18 percent below the EUR 5.49 52-week high cited for the same euro quotation context.

The further course of trading is shown by the continuously updated real-time quote of Xiaomi Corp stock.