Why Is Everyone Talking About Xiaomi Stock?
Three years ago, Chinese smartphone manufacturer (OTC: XIACF) garnered attention from the electric vehicle (EV) industry when it announced its plan to enter the EV market. In March 2024, the company realized its goal when it launched its SU7 Series on the Chinese market.
But interest in Xiaomi really accelerated after the company recently received some high praise from Ford (NYSE: F) CEO Jim Farley during his appearance on the "The Fully Charged Podcast." Let's take a closer look at Farley's review of the SU7 and how EV investors should approach Xiaomi stock.
On his recent podcast appearance, Farley made reference to the EV that Apple had been developing, but he promptly changed gears and brought attention to Xiaomi and its EV. Farley characterized Xiaomi as "an industry juggernaut," adding that it's "a consumer brand that is much stronger than car companies."
Source Fool.com
Xiaomi Corp. Stock
With 8 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 5 € shows a positive potential of 49.25% compared to the current price of 3.35 € for Xiaomi Corp..
