Consider this question: Is it the right time for a purchase?

Xiaomi Corporation, the Beijing-based investment holding company known for its smartphones and various other products, is experiencing a surge in its business, according to recent analyst estimates.

The company's foray into the electric vehicle segment and the robust growth of its Internet of Things (IoT) business are expected to lead to decreasing losses and a boost in EBITDA in the long run. This positive outlook is further supported by several technical indicators.

Out of a total of 10 Parabolic SAR evaluations, 6 are positive, a sign that the stock price may continue to rise. Similarly, 8 out of 10 moving averages are on an upward trajectory, another bullish indication. These technical analyses suggest a positive trend for Xiaomi's stock price.

The average target price for Xiaomi stock, with a time horizon of 12-18 months, is around 58 CNY. This target price, if achieved, would represent a significant growth from the current trading price of 5.83 €.

The bullish sentiment is not limited to these technical indicators. Out of a total of 30 evaluation criteria, 18 are considered bullish, resulting in a "Bullish" status. This bullish status is further reinforced by the fact that major investment firms such as BlackRock and The Vanguard Group, among the world's largest asset managers, hold Xiaomi shares, indicating significant institutional influence on Xiaomi's stock.

However, Xiaomi is not without competition. Apple and Samsung are major competitors in the global market, with Samsung being the largest. A potential new competitor on the European market could be OnePlus.

Despite the bullish outlook, 3 experts recommend holding the Xiaomi stock, suggesting a note of caution. The Moving Average Convergence Divergence (MACD) analysis, another technical indicator, also presents a bearish outlook, with only 4 out of 10 analyses being positive.

In conclusion, the consensus among analysts is to evaluate the Xiami stock as "Accumulate". The company's strong second quarter, with a 30.5 percent increase in revenue, has provided new impulses for Xiaomi's stock. With its diverse business segments, including smartphones, IoT and lifestyle products, internet services, and others, Xiaomi Corporation continues to be a company to watch in the tech industry.