The Zhitong Finance App learned that Goldman Sachs released a research report stating that it raised the target price of BYD Electronics (00285.HK) from HK$21 to HK$22 to maintain the “sale and sale” rating. The target price is based on the 2027 forecast price-earnings ratio of 10 times. The forecast anticipates that BYD Electronics' revenue growth will recover in 2027, benefiting from stable demand for smartphones and PCs under relatively stable memory costs, an upgrade in the company's product portfolio, and increased revenue exposure from Apple (AAPL.US) and BYD (01211.HK), and expansion into the AI server supply chain, including liquid cooling and power supply. The bank continues to expect the company's gross margin to recover by 2028.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.