JP Morgan downgrades BYD Company stock to CNY 65 target

Published on 10/27/2026 at 15:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BYD Company reports third-quarter results on October 29, 2026. BYD Company stock is valued at HKD 638.7 billion with a 25.39 P/E.

Analyst target and earnings date

On October 26, 2026, JP Morgan downgraded BYD and set a CNY 65.00 target.
BYD expects to report third-quarter 2026 results on October 29, 2026.
BYD Company stock was last at HKD 70.05 on October 27, 2026 at 4:08 p.m. HKT, down 1.06 percent from HKD 70.80.
First-half 2026 revenue fell 7.00 percent to CNY 344.80 billion, while net income declined 21.00 percent to CNY 12.30 billion.

BYD Company, CNE100000296, Illustration mit AI erstellt.

On October 26, 2026, JP Morgan downgraded BYD Company to Underweight and set a CNY 65.00 price target, according to MarketScreener. BYD Company stock was last at HKD 70.05 on the Hong Kong Stock Exchange on October 27, 2026 at 4:08 p.m. HKT, down 1.06 percent from HKD 70.80.

JP Morgan lowers the target

The analyst action places a CNY 65.00 valuation marker beside BYD's latest Hong Kong price. MarketScreener's report identifies the rating as Underweight and dates the adjustment to October 26, 2026, while its consensus table lists 27 analysts and an average target of CNY 103.47.

The downgrade arrives before BYD's next scheduled report. MarketScreener lists the third-quarter 2026 earnings release for October 29, 2026.

First-half revenue fell 7 percent

BYD's first-half 2026 revenue fell 7.00 percent to CNY 344.80 billion, while net income declined 21.00 percent to CNY 12.30 billion, according to Moomoo. The figures give the October 29 reporting date a clear test: investors will be able to compare third-quarter sales and profit with a weaker first-half base.

Valuation and trading position

BYD's Hong Kong-listed shares carried a market capitalization of HKD 638.7 billion and a price-to-earnings ratio of 25.39 on October 27, 2026. The stock's last price of HKD 70.05 was HKD 0.75 below the prior close, equivalent to a 1.06 percent decline.

BYD Company Limited's investor-relations page identifies Hong Kong ticker 1211 and Shenzhen ticker 002594, and describes operations spanning new energy vehicles, batteries and electronics. The company reported 2025 revenue of CNY 803.96 billion and net income attributable to shareholders of CNY 32.62 billion on its investor-relations page at BYD Company.

BYD stock before the next report

The immediate investor reference is the October 29 results date, alongside JP Morgan's CNY 65.00 target and the first-half revenue decline. Those figures frame the next update around earnings delivery, valuation and the balance between international expansion and weaker recent profitability.