Core Viewpoint - Goldman Sachs released a report indicating that the State Council has issued the "Opinions on Deepening the Implementation of the 'Artificial Intelligence+' Action," emphasizing the commercialization of AI and the expansion of the ecosystem, which is expected to boost user consumption in AI and promote SenseTime's (00020) generative AI business development [1] Company Summary - Goldman Sachs raised SenseTime's target price from HKD 1.83 to HKD 2.72 and upgraded the rating from "Neutral" to "Buy" [1] - SenseTime's revenue performance in the first half of the year exceeded expectations, with a year-on-year growth of 36% [1] - The management reported a strong growth in the generative AI business, with a year-on-year increase of 73%, primarily driven by productivity and interactive tools [1] - With favorable policy support and a comprehensive product portfolio, Goldman Sachs holds a more optimistic view on SenseTime's generative AI business, expecting revenue contribution to rise from 64% in 2024 to 91% by 2030 [1]
高盛：升商汤-W评级至“买入”目标价升至2.72港元