Foxconn Industrial Internet stock: Goldman Sachs sets CNY 121.00 target
Published on 10/21/2026 at 16:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and reporting date
- On October 15, 2026, Goldman Sachs maintained a Buy rating and set a CNY 121.00 target.
- Goldman Sachs expects third-quarter 2026 revenue to rise 23.00 percent from the prior quarter.
- Foxconn Industrial Internet stock was last at CNY 49.70 on October 21, 2026 at 3:00 p.m. CST, up 1.91 percent on Shanghai.
- Foxconn Industrial Internet is scheduled to report third-quarter results on October 30, 2026.
Foxconn Industrial Internet (ISIN CNE1000031P3) has a CNY 121.00 12-month target from Goldman Sachs, which maintained its Buy rating in research dated October 15, 2026, as Futu reported. The stock was last at CNY 49.70 on the Shanghai Stock Exchange on October 21, 2026 at 3:00 p.m. CST, up 1.91 percent from CNY 48.77.
Goldman sees higher revenue
Goldman Sachs expects Foxconn Industrial Internet revenue to rise 23.00 percent quarter over quarter in the third quarter of 2026, according to the October 15, 2026 report carried by Futu. The report tied the forecast to AI server racks, next-generation switches and broader cloud infrastructure demand.
Price sits near the yearly low
At CNY 49.70 on October 21, 2026, the stock stood 7.81 percent above its CNY 46.10 52-week low and 41.50 percent below its CNY 84.95 high. Trading volume reached 81,002,520 shares during the Shanghai session. The market capitalization was CNY 986.3 billion on the same date.
What does the target imply?
The CNY 121.00 target is more than double the October 21, 2026 price, while the stock's price-to-earnings ratio stood at 20.97. Goldman Sachs also lowered the target valuation multiple from 25.20 to 24.60 in its October 15 report, citing a broader sector valuation adjustment and concerns about the durability of AI spending. The report nevertheless retained its Buy rating.
October reporting date
Foxconn Industrial Internet is scheduled to report third-quarter 2026 results on October 30, 2026, according to Simply Wall St. The date gives investors a near-term test for the revenue trajectory described in the Goldman Sachs report.
Stock position
The October 21, 2026 Shanghai price leaves the stock materially closer to its 52-week low than its high. The 20.97 price-to-earnings ratio and CNY 986.3 billion market capitalization frame the valuation ahead of the scheduled results.
Foxconn Industrial Internet was last at CNY 49.70 on the Shanghai Stock Exchange on October 21, 2026 at 3:00 p.m. CST, up 1.91 percent on the day.
Market context: Market report Shanghai Composite.
