Goldman Sachs: Upstream technology (06809.HK) target price raised to 582 Hong Kong dollars, rated "buy"

According to the Zhixun Finance and Economics APP, Goldman Sachs released a research report stating that they have reiterated their positive view on Montage Technology (06809.HK), and are optimistic about the growth of its memory interface IC demand driven by the increase in AI workloads on CPUs. They believe that the company is actively expanding its product line, including MRDIMM, PCIe, CXL, Ethernet networks, and optical interconnect ICs, which will support the company's long-term development and enable Montage Technology to capture new AI interconnection market opportunities. Goldman Sachs has raised its forecasts and upped the A-share and H-share 12-month target prices for Montage Technology (688008.SH) by 7% and 14% respectively, to 387 RMB and 582 HKD, with a "buy" rating.