Goldman Sachs Increases China Stock Price Target on AI Growth

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Goldman Sachs increased its target price for Chinese stocks on Monday, citing the potential for AI adoption to drive earnings growth and attract up to $200 billion in inflows.

Chinese tech stocks have been on a strong upward trajectory, posting their best winning streak in over two years last week, fueled by DeepSeek's AI breakthrough, which reignited investor enthusiasm for China’s tech sector.

On Monday, Goldman raised its 12-month target for China’s CSI300 index to 4,700, up from 4,600, and increased its target for MSCI China to 85 from 75. The blue-chip index was last at 3,954.

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