Goldman Sachs raised Cambricon Technologies target price to CNY1,835.00 from CNY1,223.00

Goldman Sachs raised Cambricon Technologies target price to CNY1,835.00 from CNY1,223.00

Goldman Sachs, the renowned investment banking and financial services firm, has significantly raised its target price for Cambricon Technologies, a leading provider of AI chips. The new target price stands at CNY1,835.00, a substantial increase from the previous estimate of CNY1,223.00 [1].

The upward revision in the target price reflects Goldman Sachs' bullish outlook on Cambricon Technologies' prospects. The firm's positive assessment is likely driven by several factors, including the growing demand for AI technologies and the company's strong position in the AI chip market. Cambricon Technologies' innovative products and strategic partnerships are also likely contributing to the positive sentiment.

Goldman Sachs' analysts have highlighted the company's potential for growth and the increasing importance of AI in various industries, such as finance, healthcare, and manufacturing. The firm's ability to deliver high-performance AI chips at competitive prices is seen as a key advantage, making it a strong contender in the rapidly evolving AI market.

The target price increase is a significant development for Cambricon Technologies, signaling confidence in its future performance. Investors and financial professionals should closely monitor the company's progress and the broader market trends that may influence its stock price.

References

[1] https://www.marketbeat.com/instant-alerts/filing-the-goldman-sachs-group-inc-gs-shares-sold-by-svb-wealth-llc-2025-08-23/