Citibank Raises Target Price for SENSETIME-W (00020) to HKD 3, Maintains "Outperform" Rating

Stock News
10/27

According to recent reports, Citibank has announced an expectation that SENSETIME-W (00020) will benefit from the growth in generative AI revenues and a decline in operational expenses due to business restructuring. The target price has been raised from HKD 1.85 to HKD 3, while maintaining an "Outperform" rating. The report also states that SENSETIME has established a strategic partnership with Cambricon Technologies Co., Ltd. (688256.SH), which is believed to help expand its AI computing capabilities through domestic chips. Additionally, SENSETIME has made progress in commercializing its AI models, particularly in the fields of AI glasses and AI video generation tools.

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