Goldman Sachs issued a report, raising the target price of Biren Technology (06082.HK) to 70.7 yuan, with a rating of "Buy", indicating that the upgrade of its product portfolio drives the upward trend of average selling price. The bank said that because the company's Bili 166 product has received a first-class rating of safety and reliability, it is in a good position in the growing number of local AI terminal applications. The Bank expects growth to be driven by the following factors, including the migration of products to AI chips with higher computing power and energy efficiency, the rising trend of cloud capital expenditure in China, and the increase in market share among local cloud service providers. Considering the product portfolio moving towards higher margin computing boards and...
- Like
- Comment
- Favorite
"Big Bank" Goldman Sachs Shengbi Ren Technology (06082.HK) target price to 70.7 yuan rating "Buy" expected to turn losses next year
阿斯达克财经06-01
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Like
Report
Login to post
No comments yet