---
title: "Citi: Raises WuXi AppTec target price to HKD 138.6, Q3 performance exceeds expectations"
description: "Citi released a research report stating that it has raised the target price for WuXi AppTec's H shares from HKD 137.1 to HKD 138.6, and the target price for WuXi AppTec's A shares from RMB 124.7 to RM"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/262821505.md"
published_at: "2025-10-27T05:48:03.000Z"
---

# Citi: Raises WuXi AppTec target price to HKD 138.6, Q3 performance exceeds expectations

> Citi released a research report stating that it has raised the target price for WuXi AppTec's H shares from HKD 137.1 to HKD 138.6, and the target price for WuXi AppTec's A shares from RMB 124.7 to RMB 126, maintaining an "outperform" rating and listing the shares as a top pick in the mainland CRO and CDMO industry. WuXi AppTec's third-quarter performance was robust, with revenue, net profit, and order growth all exceeding market expectations. During the period, revenue and adjusted non-IFRS net profit increased by 15% and 42% year-on-year, respectively. The company has raised its full-year revenue growth guidance for continuing operations from 13%-17% to 17%-18%, and expects the full-year adjusted non-IFRS net profit margin to further improve year-on-year. The bank has also raised its revenue and net profit forecasts for WuXi AppTec for 2025 to 2027 by approximately 2% and 4%, respectively, to reflect the better-than-expected third-quarter performance and continued strong order growth

According to the Zhitong Finance APP, Credit Lyonnais has released a research report stating that it has raised the target price for WuXi AppTec H shares (02359) from HKD 137.1 to HKD 138.6, and the target price for WuXi AppTec A shares (603259.SH) from RMB 124.7 to RMB 126, maintaining an "outperform" rating and listing the shares as a top choice in the mainland CRO and CDMO industry.

WuXi AppTec's performance in the third quarter was robust, with revenue, net profit, and order growth all exceeding market expectations. During the period, revenue and adjusted non-IFRS net profit increased by 15% and 42% year-on-year, respectively. The company has raised its full-year revenue growth guidance for continuing operations from 13%-17% to 17%-18%, and expects the full-year adjusted non-IFRS net profit margin to further improve year-on-year. The firm has also raised its revenue and net profit forecasts for WuXi AppTec for 2025 to 2027 by approximately 2% and 4%, respectively, to reflect the better-than-expected third-quarter performance and the continued strong growth in orders

### Related Stocks

- [603259.CN - WuXi AppTec](https://longbridge.com/en/quote/603259.CN.md)
- [02359.HK - WUXI APPTEC](https://longbridge.com/en/quote/02359.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| WuXi AppTec Books 53% Higher Profit in Q3; Agrees to Sell Two Units to Hillhouse Investment | WuXi AppTec Books 53% Higher Profit in Q3; Agrees to Sell Two Units to Hillhouse Investment | [Link](https://longbridge.com/en/news/262804512.md) |
| WuXi AppTec Fully Converts $500 Million Bonds; Shares Fall 8% | WuXi AppTec Fully Converts $500 Million Bonds; Shares Fall 8% | [Link](https://longbridge.com/en/news/260830489.md) |
| WuXi AppTec Offloads Further Stake in WuXi XDC Cayman | WuXi AppTec Offloads Further Stake in WuXi XDC Cayman | [Link](https://longbridge.com/en/news/260550215.md) |
| WuXi AppTec Sees 2025 Net Profit Up 102.7% Y/Y | WuXi AppTec Co Ltd :SEES 2025 NET PROFIT UP 102.7% Y/Y | [Link](https://longbridge.com/en/news/272240113.md) |
| WuXi AppTec Highlights Global CRDMO Growth and Innovation Platform in Latest Presentation | WuXi AppTec Co. Ltd. has presented its business strategy and performance in the CRDMO sector, highlighting a robust pipe | [Link](https://longbridge.com/en/news/272617439.md) |

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