Bank of America: There is room for Xilinx Technology's stock price to catch up with Intel's.
Bank of America analysts said in a research report that the stock price of Xiuyu Technology has room to catch up with its peer Zhipu, whose current stock price is more than three times that of Xiuyu Technology. Bank of America stated that Zhipu's premium over Xiuyu reflects its faster annual recurring revenue growth, higher talent density, and leading position in terms of corporate revenue share. However, they noted that the gap in earnings per share between the two seems too large at the current stage. They stated: "We believe that after the lock-up period expires, Xiuyu Technology has room for catch-up trades, benefiting from potential inflows of southbound funds and catching up on corporate revenue after the release of the M3 model." Bank of America has a buy rating for both Zhipu and Xiuyu Technology. Zhipu's stock currently trades at 1,404.00 Hong Kong dollars, while Xiuyu Technology's stock is at 388.60 Hong Kong dollars.
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