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Goldman lifts China stock target on AI-driven gains
Goldman Sachs has updated its projections for Chinese stocks, raising the 12-month target price for the CSI300 index to 4,700, an increase from 4,600.
The target for the MSCI China index has also been raised to 85, up from 75.
This revision aligns with the recent surge in Chinese technology stocks, which have seen their strongest rally in over two years.
Market sentiment improved following DeepSeek’s advancements in AI.
As of Feb. 17, the CSI300 index was reported at 3,954.
Recent Goldman Sachs developments
| Timeline |
|---|
20-Nov-2024 💻 Goldman Sachs’s digital assets unit plans fintech spin-out
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01-Jun-2021 💼 Ex-Goldman Sachs exec launches $150m VC fund for Japanese startups
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04-May-2021 🔐 Goldman Sachs-backed cybersecurity firm Acronis nets $250m from CVC Capital
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03-Mar-2021 📈 Report: Goldman Sachs to hire 100 tech employees in Singapore
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| 13-Feb-2020 💰 Goldman Sachs-backed cybersecurity firm Cyfirma raises series A funding |
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