AI Glasses Market Growth: Citi predicts AI glasses shipments will reach approximately 112 million units by 2030, with a compound annual growth rate (CAGR) of 105% starting in 2024, leading to a market size of USD 40 billion.
Importance of Optical Components: The report emphasizes that optical components are vital for AI and AR glasses, comprising 40-70% of the total bill of materials.
Investment Recommendations: Citi favors companies with significant exposure to the optical supply chain, including Essilor Luxottica, GOERTEK, SUNNY OPTICAL, OMNIVISION, and CONANT OPTICAL.
Coverage Initiation: Citi has initiated coverage on CONANT OPTICAL, giving both SUNNY OPTICAL and CONANT OPTICAL a Buy rating, with target prices set at HKD 103 and HKD 65, respectively.
Wall Street analysts forecast 02276 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02276 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 02276 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02276 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: 61.100
Low
Averages
High
Current: 61.100
Low
Averages
High
CICC
CICC
maintain
2026-01-20
New
Reason
CICC
CICC
Price Target
AI Analysis
2026-01-20
New
maintain
Reason
The analyst rating for CONANT OPTICAL was kept at "Outperform" due to several positive factors highlighted in the article. These include:
1. A positive profit alert projecting a net profit increase of no less than 30% for 2025, driven by higher sales of 1.74 index lenses and multifunctional products.
2. Continued scale effects and improved mechanical automation, which contribute to cost efficiencies.
3. An optimized financing structure that enhances capital returns and reduces financing costs.
Additionally, CICC raised its earnings forecasts for 2025 and 2026 by 3% each, reflecting confidence in the company's performance. The target price was also increased by 12% to $65, based on projected price-to-earnings (PE) ratios for 2026 and 2027, indicating a favorable outlook for the stock.
Citi
initiated
$65
2025-12-12
Reason
Citi
Price Target
$65
2025-12-12
initiated
Reason
Citi has initiated coverage on CONANT OPTICAL with a rating of Buy/High Risk and a target price of HKD65 due to its position as a leading global supplier of resin eyeglass lenses, where it ranked second worldwide in shipment volume last year. The report emphasizes the significant growth potential in the AI glasses market, forecasting a compound annual growth rate (CAGR) of 105% for shipments and 112% for market size from 2024 to 2030. Additionally, Citi anticipates that the price per lens and average selling price will increase with the introduction of new-generation flagship AI glasses featuring display functions starting in the second half of 2026.
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Citi
initiated
$65
2025-12-12
Reason
Citi
Price Target
$65
2025-12-12
initiated
Reason
The analyst rating from Citi is based on the anticipated rapid growth of AI glasses as a new edge device in the technology market. Citi forecasts that shipments of AI glasses will reach approximately 112 million units by 2030, with a compound annual growth rate (CAGR) of 105% starting from 2024. The market size for AI glasses is expected to reach USD 40 billion by 2030, with a CAGR of 112% during the same period. The report emphasizes the importance of optical components in the production of AI or AR glasses, which constitute 40-70% of the bill of materials. Consequently, Citi favors companies with significant exposure to the optical supply chain, such as Essilor Luxottica, GOERTEK, SUNNY OPTICAL, OMNIVISION, and CONANT OPTICAL, leading to a Buy rating for SUNNY OPTICAL and CONANT OPTICAL with specific target prices.
UBS
Buy
initiated
$67
2025-12-05
Reason
UBS
Price Target
$67
2025-12-05
initiated
Buy
Reason
The analyst rating from UBS for CONANT OPTICAL is a "Buy" due to several key reasons:
1. The company has become the world's second-largest eyeglass lens manufacturer by production volume in 2024.
2. The traditional eyeglass lens business is expected to achieve a 25% compound annual growth rate (CAGR) in net profit from 2024 to 2027.
3. The anticipated rise of smart glasses is expected to unlock long-term growth potential for CONANT OPTICAL.
Based on these factors, UBS has set a target price of HKD67 for the stock.
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.
