Why BYD (BYDDY,BYDDF) Is Climbing Today

BYD Company (BYDDY, BYDDF) is advancing 3.5% today after JPMorgan raised its price target on the China-based automaker’s shares by over 60%.

JPMorgan’s Take on BYD

The bank increased its price targets on BYD’s China-based and Hong Kong-based stocks by more than 60%, The South China Morning Post reported. JPMorgan predicts that “2026 (will) be an important strategic turning point and milestone for BYD’s global expansion ambitions,” since four of the automaker’s overseas factories will be finished at that point. Moreover, these plants’ production capacity will subsequently “gradually increase,” JPMorgan reported.

Photo by David Veksler on Unsplash

Further, the bank predicts that BYD’s unit sales will climb 30% this year to about 5.5 million automobiles, while the automaker will be able to overcome tariffs in overseas markets by relying on the strength of its products and features to gain market share, according to JPMorgan.

BYD’s advanced driving assistance systems, which the company will provide for free, will boost its sales, and the automaker can defray the systems’ costs by obtaining discounts from suppliers and lifting its unit sales, the bank believes.

The Recent Price Action of BYDDY Stock

In the last month, the shares have jumped 45%, while they have risen 54% in the last three months and 48.5% so far in 2025.

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Disclosure: The author owns shares of BYDDY but has no intention of trading them in the next 48 hours. This article is originally published at Insider Monkey.