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<Research>JPM Sets CATL's TP at HKD640; Quarterly Results Stable, Guidance Optimistic
Recommend 6 Positive 4 Negative 4 |
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CATL (03750.HK) has shown stable performance YTD, as concerns over rising raw material and lithium costs have temporarily halted its upward trend since 4Q25, according to a JPMorgan research report. In JPMorgan's estimate, CATL's robust 4Q25 results and constructive guidance on margins and demand during the earnings call should alleviate investor concerns. The broker anticipates a positive stock price reaction to the results. CATL remains JPMorgan's top pick, and it is also the only Chinese battery maker the broker has given an Overweight rating. With its confidence solidified by the results, JPMorgan set its target price for CATL at HKD640. AAStocks Financial News |
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