高盛上调新易盛目标价逾11% 看好AI服务器需求推动光模块出货加速

Core Viewpoint - Goldman Sachs raised the target price for New Ease Technology by over 11% to 502 RMB, highlighting optimism regarding the increase in shipments of 800G and 1.6T optical modules, as well as the continued contribution from silicon photonics products [1] Group 1 - The company's 1.6T products are expected to start volume production in the second half of 2025 [1] - Shipments of 800G and 1.6T optical modules are anticipated to accelerate in 2026, driven by the demand for optical modules from AI ASIC (Application-Specific Integrated Circuit) servers and the upgrade towards high-speed and silicon photonics products [1] - New Ease Technology's revenue from 800G optical modules is projected to grow by 53% next year, while the 1.6T optical modules are expected to see rapid volume production in 2026 and a growth of 141% in 2027 [1]