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2025-09-16 09:01:13
Goldman Sachs Raises SMIC's Target Price Due to Revenue Growth and Margin Recovery. Goldman Sachs has raised its target price and earnings per share (EPS) forecast for SMIC for 2028-2029, citing revenue growth and improved gross margins. Goldman Sachs raised its H-share target price from HK$63.7 to HK$73.1 and slightly adjusted its A-share target price from RMB 160 to RMB 160.1. Analysts including Allen Chang stated in a report, "Continued growth in demand from domestic fabless customers will drive SMIC's long-term growth. We also believe its profit margins will gradually recover in the short term, leading to a positive outlook on the company." Goldman Sachs raised its 2028-2029 revenue forecasts by 0.4% and 2%, respectively. Analysts believe that SMIC's long-term growth momentum will be further strengthened by increasing demand from Chinese integrated circuit (IC) design companies and the development of artificial intelligence.
