Goldman Sachs raises China stock market target on AI boost

Goldman Sachs raised its target price for Chinese stocks, citing AI adoption as a key driver for earnings growth and potential $200 billion inflows, as tech stocks, fueled by DeepSeek's AI breakthrough, continue their strong rally.

By Reuters | Updated: Feb 17, 2025, 07.43 AM IST

Goldman Sachs raised its target prices for Chinese stocks, citing AI adoption's potential to drive earnings growth and attract $200 billion in inflows, amid a strong rally in tech stocks

Goldman Sachs raised its target price for Chinese stocks on Monday, estimating that AI adoption could boost earnings growth and potentially bring in $200 billion of inflows.

Chinese tech stocks have been on a strong rally, clocking their best winning streak in over two years last week, boosted by DeepSeek's AI breakthrough, which reignited investor interest in China's technology capabilities.

On Monday, Goldman raised its 12-month target price for China's CSI300 index to 4,700 from 4,600. It also raised its price target for MSCI China to 85 from 75.

The blue-chip index was last at 3,954.

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