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<Research>CLSA Elevates CATL (03750.HK) TP to $710, Raises Global ESS Growth Forecasts
Recommend 7 Positive 9 Negative 3 |
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CLSA issued a research report raising its 2025-2030 global energy storage system (ESS) CAGR forecasts from 22% to 37% as it incorporated its new energy storage demand from AI data centers. Consequently, the broker lifted its 2026-2027 EPS forecasts for CATL (03750.HK) by 1-4%, and anticipated strong ESS growth to drive revenue growth by 10-13% during the same period. However, CLSA also lowered its gross margin forecast, considering the rise in lithium prices. Therefore, CLSA elevated its target prices for CATL's H-/ A-shares from $685/ RMB500 to $710/ RMB505, with ratings reiterated at Outperform. AASTOCKS Financial News Website: www.aastocks.com |
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