Goldman Sachs significantly raised its target price for CICC.

Zhongji Xuchuang released strong financial data on Thursday, with first quarter revenue nearly doubling year-on-year and net profit increasing significantly by 262%. Goldman Sachs raised the company's target price from 791 yuan to 1187 yuan, maintaining a buy rating. Goldman Sachs stated that it is optimistic about the optical communication network sector, as the evolution of data center architecture from horizontal to vertical is bringing higher bandwidth and more connectivity demands, significantly driving overall market expansion.