Bulls See Value in Robotaxi Technology Leader
WeRide (WRD) has seen all bullish options positioning and trades on 5/28 stood out as 5000 October $12.50 puts sold to open which follows recent sales of 2500 June $12.50 puts and also seen June $12.50 calls buy some size and 1000 October $12.50 calls bought on 5/21. WRD needs to clear $10.30 to hit a volume pocket for a move to $13-$15. WeRide Inc. operates as a mover in the autonomous driving industry and a robotaxi company. Its One platform provides autonomous driving products and services that address various transportation needs across a range of use cases on the open road, including in the mobility, logistics, and sanitation industries. WRD has a $2.65B market cap and forward estimates for topline growth see $1.15B in revenues for FY27, up from $117M in FY25, hyper-growth, and profitability eyed for FY27. WeRide is a pure play in global L4+ autonomous driving with revenues powered by robobuses, robosweepers, & ADAS solutions. CIC forecasts the global AD market size to expand at an 80% CAGR, from US$93B in 2025 to US$1,745B in 2030 and L4+ penetration to grow from <1% in 2024 to >25% in 2035, underpinned by a growing number of driverless vehicles. WeRide has partnered with Uber to launch robotaxis in the UAE and expects its robotaxis will reach large-scale commercialization by 2026.