Goldman Sachs Raises Target Price for Chinese Stocks
Goldman Sachs has increased its target price for Chinese equities, anticipating that the adoption of artificial intelligence (AI) will drive earnings growth and attract significant inflows.
The surge in Chinese tech stocks has been fueled by DeepSeek's AI breakthrough, rekindling investor enthusiasm for China's technological prowess. This has led to the strongest winning streak for these stocks in over two years.
Goldman Sachs has adjusted its 12-month target price for the CSI300 index from 4,600 to 4,700. Additionally, the firm has revised its target price for the MSCI China index from 75 to 85.
The CSI300 index currently trades at 3,954.