Where Will BYD Stock Be in 5 Years?
(OTC: BYDDY), China's top automaker, has been a lackluster investment. Over the past five years, its stock has risen by less than 10% even as its shipments and revenue skyrocketed. Let's see why that happened, and if BYD's stock might bounce back over the next five years.
BYD was originally a battery maker. But over the past two decades, it started selling its own gas-powered vehicles, plug-in hybrid EVs (PHEVs), and battery-powered EVs (BEVs). Its annual auto sales barely grew from 2009 through 2020, but they surged after it stopped producing its gas-only cars in 2022 and expanded its PHEV and BEV lineup.
Image source: BYD.
Source Fool.com
BYD Co. Ltd Stock
€11.63
7.290%
Our community is currently high on BYD Co. Ltd with 18 Buy predictions and 3 Sell predictions.
As a result the target price of 15 € shows a positive potential of 28.98% compared to the current price of 11.63 € for BYD Co. Ltd.
