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<Research>G Sachs: Confidence in TENCENT (00700.HK) Enhanced w/ TP $701
Recommend 12 Positive 16 Negative 13 |
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TENCENT (00700.HK) recently held the 2025 Tencent Global Digital Ecosystem Summit in Shenzhen, Goldman Sachs released a research report saying. The management emphasized that efficiency driven by intelligence and scale expansion driven by globalization have become the two major growth drivers for Tencent Cloud and its ecosystem partners, with foundational model iterations and the release of over 30 Hunyuan models over the past year. It is expected that AI applications in game, marketing services, native applications and internal productivity enhancements could drive geometric business growth. Goldman Sachs expressed increased confidence in TENCENT's prospects, and believed that TENCENT, through investment, is deepening its moat and could become one of the most benefited companies in China's internet industry from AI application development with its unique WeChat ecosystem and global game assets. Therefore, the broker rated TENCENT at Buy, with a target price of $701. AASTOCKS Financial News Website: www.aastocks.com |
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