Goldman Sachs doubles Luxshare Precision's target price to 106 yuan due to strong expansion expectations in data center and other businesses

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Mars Finance News, Goldman Sachs has significantly raised the 12-month target price for Luxshare Precision from 50.15 RMB to 106 RMB, reflecting the bank's expectations for strong growth in data center business, automotive electronics, and expansion of overseas OEM (original equipment manufacturer) clients. Analyst Verena Jeng and others stated in the report that they expect the revenue compound annual growth rate (CAGR) from 2025 to 2028 to be 22%, due to advantages such as customized materials that combine performance and cost-effectiveness. The CAGR for telecommunications and data center businesses is expected to reach 67% during the same period, accounting for 19% of total revenue by 2028; profit forecasts for 2026/2027 have been raised by 8%/27%, mainly reflecting higher income, a slight decrease in gross margin, and growth in the company's component business sector. (Cailian Press)
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