POPA ReconNomura Securities launched an investment opinion on Changshin Memory (CXMT) and presented a target stock price of 116 yuan.
Nomura Securities launched an investment opinion on Changshin Memory (CXMT) and presented a target stock price of 116 yuan. The target stock price is based on a price-to-earnings ratio (PER) of 20 times, which corresponds to a valuation that is about twice that of Micron. This level reflects approximately 13.4 times the upside potential compared to the IPO public offering price, and the expected market capitalization is presented at approximately 7.76 trillion yuan.
The excerpt is quoted from a public Telegram channel, which owns its text.