Reported over 1 year ago
Fu Shang Investment has initiated the skyrocketing target price for Hon Hai, with a bullish outlook on the company's growth potential fueled by Apple's AI iPhone upgrade cycle and upcoming electric vehicle orders, raising the target price from 210 yuan to 255 yuan and possibly reaching 357 yuan in the most optimistic scenario. Fu Shang Investment and foreign institutions forecast significant growth, projecting a 40% upward potential in the stock price, making it the highest among institutional investors. Moreover, with a focus on the iPhone upgrade cycle, foreign investors anticipate a strong iPhone shipment volume increase, with the potential for the target price to reach 357 yuan based on accelerated revenue contribution from AI-related businesses and robust iPhone shipments.
Source: YAHOO