Goldman Sachs: Reiterates "Buy" rating on Hong Kong Exchange (00388.HK) with target price raised to HKD 455.

Wisdom Financial App learned that Goldman Sachs released a research report stating that it reiterated a "buy" rating on Hong Kong Exchanges and Clearing Limited (00388.HK), with a target price raised from HK$398 to HK$455. The firm also raised its earnings per share forecast for fiscal years 2025 to 2027 by 2%, 9%, and 10%, respectively. Despite the stock price of the Hong Kong Stock Exchange rising by about 35% this year due to upward revisions in earnings per share and valuation expansion, its value is still considered undervalued compared to the recent strong market activity levels.