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<Research>CLSA Elevates CATL (03750.HK) TP to $820, Reiterates High-Conviction Outperform Rating
Recommend 10 Positive 16 Negative 5 |
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CATL (03750.HK) did not announce any ground-breaking technologies at its 2026 Tech Day, but rather a continuous improvement in its existing products to maintain its leading position, CLSA released a research report saying. Nevertheless, the delay in the start-up of sodium-ion battery production to 4Q26, coupled with a potential lithium supply shortfall from 2Q26 to 3Q26, may pose upside risks to lithium prices, thereby creating downside risks to battery manufacturers' gross profit margins. Therefore, the broker elevated its target prices for CATL's H-/ A-shares to $820/ RMB570 from $740/ RMB515, and reiterated ratings at High-Conviction Outperform. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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