Goldman Sachs Initiates Buy Rating on CATL with Target Price of 304 RMB

Goldman Sachs is optimistic about $Contemporary Amperex Technology(300750.SZ)$ s technical advantages and profitability, forecasting an average annual EPS growth rate of 26% from 2024 to 2030, and predicting a 50% upside in its stock price over the next 12 months.