Major Brokerage Report | Morgan Stanley Raises CATL Target Price

SighingCashier · 2026-03-18T01:50:44+00:00

Morgan Stanley raised its target price for CATL (03750)A-shares and H-shares.Morgan Stanley stated that it raised assumptions for CATL's energy storage shipment volumes to reflect potential opportunities from increased inference demand in AI data centers against the backdrop of global power shortages.Morgan Stanley pointed out that CATL's 2025 earnings exceeded the firm's forecast by 7%, leading to a corresponding upward revision of the company's 2026 earnings forecast. Benefiting from improved capital efficiency, the company's net cash position exceeded expectations. The A-share target price was raised by 8.2% to 530 yuan, and the H-share target price was raised by 12% to 655 yuan.

SighingCashier

2026-03-18 01:50:44

Morgan Stanley raises the target prices for CATL (03750) A-shares and H-shares.

Morgan Stanley states that it has increased its assumptions for CATL’s energy storage shipment volumes to reflect the potential opportunities brought by the increased demand for AI data center inference in the context of global power shortages.

Morgan Stanley points out that CATL’s 2025 performance exceeded the bank’s forecasts by 7%, leading to an upward revision of the company’s 2026 earnings estimates. Thanks to improved capital efficiency, the company’s net cash position is stronger than expected. The A-share target price is raised by 8.2% to 530 RMB, and the H-share target price is increased by 12% to 655 RMB.

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