Goldman Sachs raises target for BYD Electronic stock to HKD 22.00

Published on 10/20/2026 at 21:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BYD Electronic meets October 29, 2026 for nine-month results. BYD Electronic stock costs EUR 2.58, plus 2.79 percent versus the Xetra close.

Analyst target and reporting date

Goldman Sachs raised its BYD Electronic target from HKD 21.00 to HKD 22.00 on October 19, 2026.
BYD Electronic will consider nine-month results on October 29, 2026.
BYD Electronic stock costs EUR 2.58 at Lang & Schwarz on October 20, 2026 at 9:18 p.m. CEST, 2.79 percent above the Xetra close of EUR 2.51.
The Hong Kong listing had a market capitalization of HKD 51.1 billion and a P/E ratio of 19.74 on October 20, 2026.

BYD Electronic, HK0285041858, Illustration mit AI erstellt.

Goldman Sachs raised its target for BYD Electronic (ISIN HK0285041858) from HKD 21.00 to HKD 22.00 on October 19, 2026, while retaining a Sell rating, according to GMT EIGHT. At Lang & Schwarz, the stock was trading at EUR 2.58 on October 20, 2026 at 9:18 p.m. CEST, 2.79 percent above the Xetra close of EUR 2.51.

Target rises while rating stays cautious

The higher target is based on a 2027 forecast P/E ratio of 10.00, the report said. Goldman Sachs expects revenue growth to recover in 2027 as smartphone and personal-computer demand stabilizes, product mix improves and BYD Electronic expands into liquid cooling and power supply for artificial-intelligence servers.

The same assessment remains cautious on earnings. Goldman Sachs cut its net-profit forecasts for 2026, 2027 and 2028 by 40.00 percent, 3.00 percent and 32.00 percent, respectively, while maintaining its Sell rating. The combination gives the target change a clear qualification: the higher valuation benchmark does not represent a more positive rating.

What does the October date add?

The next company event is the board meeting on October 29, 2026. According to Futubull, the board will consider and approve unaudited third-quarter results for the nine months ended September 30, 2026 and their publication.

Hong Kong valuation in context

The Hong Kong listing closed at HKD 22.74 on October 20, 2026 at 4:08 p.m. HKT, up 3.18 percent from the prior close. Its market capitalization was HKD 51.1 billion, the P/E ratio was 19.74 and the 52-week range was HKD 20.10 to HKD 41.04. These figures place the latest Hong Kong price 44.18 percent below the 52-week high.

Comparison with peers

BYD Electronic: 2.79 percent above the Xetra close, P/E 19.74, market capitalization HKD 51.1 billion.

AAC Technologies: up 0.78 percent on HKEX, P/E 13.91, market capitalization HKD 41.6 billion.

Sunny Optical: up 4.51 percent on HKEX, P/E 11.69, market capitalization HKD 64.8 billion.

Stock price and next date

The analyst update supplies the strongest near-term valuation reference, while October 29 supplies the next company-specific date. The main numerical tension is visible in the contrast between a HKD 22.00 target and the retained Sell rating, alongside the 40.00 percent cut to the 2026 net-profit forecast.

BYD Electronic stock was trading at EUR 2.58 at Lang & Schwarz on October 20, 2026 at 9:18 p.m. CEST, 2.79 percent above the Xetra close of EUR 2.51 dated October 20, 2026. The further course of trading is shown by the continuously updated real-time quote of BYD Electronic stock.