Contemporary Amperex Technology, CNE100003662

Goldman Sachs cuts CATL H target to HKD 859 for Contemporary Amperex Technology stock

Published on 10/16/2026 at 11:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached CNY 147.8 billion in the second quarter, up 14.44 percent sequentially. Contemporary Amperex Technology stock has October 20 results ahead.

Analyst view and operating scale

Goldman Sachs cut the H-share target to HKD 859.00 on October 12, 2026.
Second-quarter 2026 revenue reached CNY 147.8 billion, up 14.44 percent from the first quarter.
The company is valued at CNY 1.2 trillion as of October 16, 2026.

Contemporary Amperex Technology, CNE100003662, Illustration mit AI erstellt.

Contemporary Amperex Technology is facing a fresh Goldman Sachs target cut for its Hong Kong-listed shares, while second-quarter revenue reached CNY 147.8 billion. On October 12, 2026, Goldman Sachs cut the H-share target to HKD 859.00 and kept its Buy rating, according to Futunn.

Goldman trims the H-share target

The analyst action separates CATL's two listed share classes. Goldman Sachs raised the A-share target by 1.00 percent to RMB 559.00, but cut the H-share target by 9.00 percent to HKD 859.00 as it used more cautious assumptions for unit profit, the same report said.

Three dated company catalysts

The recent chronology has three concrete markers. On September 16, 2026, CATL repurchased 3.10 million A shares for CNY 947.0 million, according to MarketScreener. On October 12, Goldman Sachs changed its targets, and on October 20 the board is scheduled to review third-quarter results for the nine months ended September 30, 2026.

What does the target change mean?

Operating momentum remains measurable in the financial statements. Second-quarter 2026 revenue was CNY 147.785539 billion, compared with CNY 129.131041 billion in the first quarter, a sequential increase of 14.44 percent. Net income rose from CNY 20.737710 billion to CNY 22.546292 billion over the same periods, an increase of 8.72 percent.

October 20 results are next

CATL announced the October 20, 2026 board meeting on October 2, 2026, with the agenda covering third-quarter results and their publication, according to Moomoo. That date gives investors the next firm checkpoint for revenue, net income and the effect of the more cautious unit-profit assumptions.

Shenzhen quote and valuation

On Shenzhen, Contemporary Amperex Technology was last at CNY 277.00 on October 16, 2026 at 3:04 p.m. CST. The same quotation showed a 52-week range of CNY 272.00 to CNY 468.75 and a market capitalization of CNY 1.2 trillion.