Goldman Sachs has raised its target price for Chinese stocks, citing a boost from artificial intelligence (AI) adoption. The investment firm now estimates that AI could drive earnings growth and attract $200 billion in inflows.
China’s tech sector has seen a strong rally, with the CSI300 index reaching its best winning streak in over two years last week. This was partly due to DeepSeek’s AI breakthrough, which reignited investor interest in China’s technology capabilities.
As a result, Goldman Sachs has increased its 12-month target price for the CSI300 index to 4,700 from 4,600 and raised its target price for MSCI China to 85 from 75. The blue-chip index is currently trading at 3,954.
Source: https://www.reuters.com/markets/asia/goldman-sachs-raises-china-stock-market-target-ai-boost-2025-02-17