Bernstein: Maintains "Outperform" rating on Montage Technology (06809.HK), H-share target price HK$520

Zhitong Finance APP has learned that Bernstein issued a research report reiterating its "Outperform" rating on Montage Technology (06809, 688008.SH), with an H-share target price of HK$520 and an A-share target price of RMB400. The bank believes that the accelerated adoption of Agentic AI will drive growth in server CPU demand and DDR bandwidth demand, and boost MRDIMM penetration. Montage Technology will benefit from the expansion of the memory interface chip market; meanwhile, CXL is expected to become a new growth driver beyond the company's core memory interface business.