Nomura sets a 116 RMB target price for CXMT, valuing it at 7.76 trillion RMB.

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Nomura set a target price of 116 RMB for CXMT, valuing it at 7.76 trillion RMB. The price analysis implies a 20x P/E ratio, twice Micron’s valuation, suggesting a 13.4x increase from its IPO price. This comes amid ongoing crypto price volatility and rising investor interest in tech stocks. Nomura’s report underscores strong growth potential in the memory chip sector.

BlockBeats report: On July 27, Nomura initiated coverage of CXMT with a target price of RMB 116, representing a 20x P/E ratio—twice the valuation of Micron.


This represents a 13.4-fold increase from the IPO price, with a market capitalization of approximately RMB 7.76 trillion.

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