Nomura Securities gives Changxin Technology (CXMT) a target price of 116 yuan, corresponding to a market cap of 7.76 trillion yuan.
2026-07-27 00:37
Odaily Planet Daily News, July 27, Nomura Securities initiated coverage on Changxin Technology (CXMT), giving it a target price of 116 yuan, corresponding to a PE ratio of 20 times.
This valuation is twice that of Micron, implying that Changxin Technology’s stock price will rise approximately 13.4 times from the IPO price, corresponding to a market cap of about 7.76 trillion yuan.
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