The Xiaomi share price – where next?
The Xiaomi (HKG:1810) share price has risen by 28.5% over the past month and it’s currently trading at 17. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Xiaomi currently has:
9 Buy recommendations
7 Hold recommendations
0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
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Going beyond analyst recommendations
At its current price of 17, shares in Xiaomi are trading at a discount of -3.54% to its 52 week high price. The 1-year performance of the shares has been 77.9%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Xiaomi it's worth doing some investigation yourself. You could do this by taking a look at Xiaomi's StockReport.
There are all sorts of factors that could affect Xiaomi's share price this year – we simplify them into easy to understand scores with our Stockopedia StockReport. Click here to take a look at the StockReport for Xiaomi – you might discover some surprising things you didn’t know.