Acquisition Announcement: AAC TECH has agreed to acquire shares in Dispelix Oy, an AR diffractive waveguide technology company, with the deal expected to finalize in the first half of 2026.
Strategic Expansion: This acquisition aims to enhance AAC TECH's product offerings in the XR field, allowing the company to transition from a focus on domestic AR glasses to global opportunities in AI and AR development.
Analyst Rating Update: Citi Research has rated AAC TECH as a Buy, setting a target price of $56, reflecting confidence in the company's growth potential following the acquisition.
Market Activity: The company is currently experiencing significant short selling activity, with a short selling ratio of approximately 43.97% and a total of $179.44 million in short sales.
Wall Street analysts forecast 02018 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02018 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 02018 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02018 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 38.420
Low
Averages
High
Current: 38.420
Low
Averages
High
Citi
Citi Research
initiated
$56
2025-11-19
Reason
Citi
Citi Research
Price Target
$56
AI Analysis
2025-11-19
initiated
Reason
The analyst rating for AAC TECH (02018.HK) was upgraded to "Buy" by Citi Research due to the company's agreement to acquire Dispelix Oy, an AR diffractive waveguide technology company. The report highlighted that this acquisition is expected to enhance AAC TECH's product mix and solution capabilities in the extended reality (XR) field. This strategic move aims to transition the company from primarily serving domestic AR glasses customers to capturing future global opportunities in AI and AR glasses development. Consequently, Citi Research set a target price of $56 for the stock.
Goldman Sachs
Goldman Sachs
maintain
2025-11-17
Reason
Goldman Sachs
Goldman Sachs
Price Target
2025-11-17
maintain
Reason
Goldman Sachs has a more optimistic view on AAC TECH (02018.HK) due to the introduction of new components, specifically vapor chambers, and a promising outlook for the iPhone. The broker raised its earnings estimations for 2025-2027 by 1%, 4%, and 6% respectively, primarily reflecting increased revenue forecasts from vapor chambers as they are adopted in more phone models and as phone specifications improve. Additionally, Goldman Sachs noted an improved product mix, better production yield, and benefits from scale production, which contribute to a positive outlook on profit margin expansion. Consequently, the target price was increased from $63.6 to $68.6, maintaining a Buy rating.
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HTSC
Buy
downgrade
2025-08-27
Reason
HTSC
Price Target
2025-08-27
downgrade
Buy
Reason
HSBC Global Research
HSBC Global Research
Buy
to
Buy
downgrade
$56
2025-08-25
Reason
HSBC Global Research
HSBC Global Research
Price Target
$56
2025-08-25
downgrade
Buy
to
Buy
Reason
The analyst rating from HSBC Global Research for AAC TECH (02018.HK) is a Buy, despite cutting the target price from HKD59.9 to HKD56. The reasoning behind this rating is that while the company's recurring net profit fell short of market expectations due to lower-than-expected gross margins in the acoustics and sensor segments, its revenue growth of 18% year-over-year to RMB13.3 billion met expectations. Additionally, the optics business demonstrated strong growth with a 20% year-over-year revenue increase and improved gross margins, indicating positive momentum in that segment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
