---
title: "JP Morgan lowered the target price for SUNNY OPTICAL to 63 yuan, rating it as \"Neutral.\""
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281298563.md"
description: "JP Morgan has lowered the target price for SUNNY OPTICAL to 63 yuan, with a rating of \"Neutral.\" The bank pointed out that SUNNY OPTICAL's management expects smartphone business growth to exceed expectations, benefiting from product portfolio optimization and upgrades in high-end model lens specifications. Despite a decline in the extended reality (XR) business, positive performance guidance and stable growth in the automotive business will drive revenue and profit growth. Operating profit forecasts have been revised down by 6% and 8%, respectively"
datetime: "2026-04-01T03:35:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281298563.md)
  - [en](https://longbridge.com/en/news/281298563.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281298563.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281298563.md) | [繁體中文](https://longbridge.com/zh-HK/news/281298563.md)


# JP Morgan lowered the target price for SUNNY OPTICAL to 63 yuan, rating it as "Neutral."

JP Morgan published a research report stating that SUNNY OPTICAL (02382.HK) management expects that due to the recent positive outlook and stable increase in average selling prices, the growth of the smartphone business in 2026 will exceed expectations. The firm believes that the company will benefit from the continuous optimization of its product portfolio and customers' upgrades to high-end model lens specifications.

Given the positive performance guidance, stable growth in the automotive business, and sustainable growth in gross margins, which offset the decline in the extended reality (XR) business, the firm continues to forecast that SUNNY OPTICAL's revenue and profit will grow in 2026.

The firm has lowered its operating profit forecasts for the company by 6% and 8% for this year and next year, respectively, and reduced the target price from HKD 75 to HKD 63, maintaining a "Neutral" rating

### Related Stocks

- [SUNNY OPTICAL (02382.HK)](https://longbridge.com/en/quote/02382.HK.md)

## Related News & Research

- [Sunny Optical Tech final dividend of 120.60 HK cents per share](https://longbridge.com/en/news/281054134.md)
- [Sunny Optical Advances Spin-Off and Hong Kong Listing of Vehicle Optics Unit](https://longbridge.com/en/news/273759633.md)
- [AUDNZD Elliott Wave Analysis: Nearing Completion Of Higher-Degree Impulse](https://longbridge.com/en/news/281336978.md)
- [The screen between us: Smartphones and the global fertility crash](https://longbridge.com/en/news/281037016.md)
- [Sunny Optical Files Next Day Disclosure Return to HKEX for Issue of (Number) New Shares at (Price) Each](https://longbridge.com/en/news/273491544.md)