---
title: "Understanding the Market | CATL opened down over 4%, Morgan Stanley stated that the current valuation is relatively reasonable, and the lock-up period for cornerstone investors will expire next month"
description: "CATL opened down over 4%, and as of the time of writing, it has fallen 4.01% to HKD 586, with a trading volume of HKD 50.066 million. In terms of news, JP Morgan downgraded CATL's Hong Kong stock rati"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/259997539.md"
published_at: "2025-10-06T01:30:05.000Z"
---

# Understanding the Market | CATL opened down over 4%, Morgan Stanley stated that the current valuation is relatively reasonable, and the lock-up period for cornerstone investors will expire next month

> CATL opened down over 4%, and as of the time of writing, it has fallen 4.01% to HKD 586, with a trading volume of HKD 50.066 million. In terms of news, JP Morgan downgraded CATL's Hong Kong stock rating from "Overweight" to "Neutral," stating that the current valuation is relatively reasonable; at the same time, it raised the target price by 13% to HKD 600. Analysts wrote in the report that the lock-up period for cornerstone investors holding nearly 50% of the issued Hong Kong stocks will expire on November 19, which may bring some selling pressure and create technical price pressure above. The new target price is based on a 30 times price-to-earnings ratio for the 2026 earnings forecast

According to the Zhitong Finance APP, CATL (03750) opened down more than 4%, and as of the time of writing, it has fallen by 4.01%, trading at HKD 586, with a transaction volume of HKD 50.066 million.

In terms of news, JP Morgan downgraded CATL's Hong Kong stock rating from "Overweight" to "Neutral," stating that the current valuation is relatively reasonable; at the same time, it raised the target price by 13% to HKD 600. Analysts wrote in the report that the lock-up period for cornerstone investors holding nearly 50% of the issued Hong Kong stocks will expire on November 19, which may bring certain selling pressure and create technical upward price pressure. The new target price is based on a 30 times price-to-earnings ratio for the 2026 profit forecast

### Related Stocks

- [03750.HK - CATL](https://longbridge.com/en/quote/03750.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.