Jefferies raised its target price for SMIC following the company's Q4 earnings guidance, which met expectations.

Gelonghui, November 17 | Jefferies raised its target price for SMIC from HKD 57.00 to HKD 87.00. Reasons for the increase include: SMIC resolved prior issues in certain product lines, leading to an optimized product mix; meanwhile, the company’s Q4 earnings guidance aligns with expectations. Analysts Nick Cheng and Edison Lee noted in their report, "We believe the long-term bullish thesis for SMIC as a dominant player in China's advanced process technology remains intact." Jefferies largely maintained its revenue forecast for SMIC but slightly lowered net profit estimates for 2025 to 2027 (forecast period) by 4%, primarily due to the impact of rising non-controlling interest share.

Gelonghui FinanceNov 17, 2025 08:43 · Ratings

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