Goldman Sachs: Raises Montage Technology (06809) target price to HK$582, rating "buy"

Goldman Sachs released a research report stating that it reiterated its positive view on Montage Technology (06809), optimistic about the growth in memory interface IC demand driven by the increase in AI workloads on CPUs. The report also mentioned that the company is actively expanding its product line, including MRDIMM, PCIe, CXL, Ethernet networking, and optical interconnect ICs, which will support the company's long-term development and enable Montage Technology to capture the new AI interconnect market. Goldman Sachs raised its forecasts and revised the 12-month target prices for Montage Technology's A shares (688008.SH) and H shares upwards by 7% and 14% respectively, to RMB 387 and HKD 582, with a "buy" rating. The firm expects MRCD and MDB to become strong short-term drivers for Montage Technology, with its second-generation products already in mass sampling stage and attracting strong interest from customers, awaiting compatible CPU platforms to be released on the market by the end of 2026 and 2027.