高盛、瑞银、小摩、美银等外资最新A股目标价来了！中际旭创目标价再上调至888元！

Core Viewpoint - BofA Securities maintains a "Buy" rating for Zhongji Xuchuang and raises the target price from 780 yuan to 888 yuan, citing strong performance expectations for Q4 2025 with a projected net profit growth of 90%-128% year-on-year [2] Financial Performance - Zhongji Xuchuang reported total revenue of 38.24 billion yuan for 2025, a year-on-year increase of 60.25%, and a net profit attributable to shareholders of 10.799 billion yuan, up 108.81% year-on-year [3] - The company anticipates a Q4 2025 net profit of approximately 3.7 billion yuan, reflecting a 17% quarter-on-quarter growth and a 159% year-on-year increase, exceeding BofA's expectations by about 9% [2] Market Outlook - Management expresses optimism about the industry's expansion and upgrade process by 2027, highlighting that pluggable optical modules will remain a mainstream solution for computing power "scale-out" [2] - The penetration rate of optical technology in computing power "scale-up" is expected to significantly increase starting in 2027 [2] Investment Potential - Based on the closing price of 534.00 yuan per share on February 27, the target price of 888 yuan implies an upside potential of over 66% [4]