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Goldman Sachs raised its price target for Chinese DRAM manufacturer CXMT to 130 yuan, citing a 30% beat on Q3 revenue expectations and the mass production of its G5 platform.
Goldman Sachs released its latest research report, maintaining a "Buy" rating on Chinese DRAM manufacturer CXMT (Changxin Memory Technologies) and slightly raising its 12-month price target from 129 yuan to 130 yuan. This upward revision is primarily driven by CXMT's disclosed Q3 earnings pre-announcement, with Goldman Sachs estimating its Q3 revenue midpoint to be approximately 30% higher than previously forecast. Additionally, the company officially commenced mass production of its fifth-generation DRAM technology platform (G5) in September 2026, which Goldman Sachs believes will fully unlock growth potential, leading to an upward revision of the company's earnings forecasts for 2026 to 2030.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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