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GoerTek stock rating upgraded by HSBC to Buy on AI glasses growth potential

Published 25/09/2025, 13:16
GoerTek stock rating upgraded by HSBC to Buy on AI glasses growth potential
META
0.59%
CSI300
1.19%
002241
2.07%
1810
-0.52%

Investing.com - HSBC upgraded GoerTek Inc. (002241:CH) from Reduce to Buy and raised its price target to RMB43.80 from RMB17.40, citing strong growth potential in the company’s smart hardware business.

The stock has seen a significant recovery with a 47% price increase over the past month, outperforming the CSI300 index which rose 9% during the same period. This recovery was driven by strong sales following new product launches from GoerTek’s customers.

HSBC’s upgrade is based on three key factors: accelerated growth in AI glasses following new product launches from Meta and Xiaomi, market share recovery in AirPods, and emerging business opportunities in smart edge devices.

The global AI glasses market is projected to reach 5.5 million units in 2025, representing a 260% year-over-year growth, according to Wellsenn. GoerTek is positioning itself to capture value in this expanding market through multiple innovation solutions in optical waveguide showcased at the China International Optoelectronic Exposition (CIOE) 2025.

GoerTek’s acquisition of Shanghai OminiLight is expected to support the company’s further expansion in AI/AR glass ODM (Original Design Manufacturing).

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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