Macquarie Cuts TP on Conant Optical to HKD88, Maintains Outperform
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Macquarie has cut its target price on Conant Opticalfrom HKD95.6 to HKD88 while maintaining an Outperform rating. The adjustment follows a 20% and 8% reduction in EPS forecasts for 2026 and 2027, respectively, due to lower revenue projections for its AI glasses business. Conant recently signed a memorandum with a leading smart glasses technology company, marking a significant milestone in its ultra-thin lens technology. The stock is currently experiencing short selling activity with a ratio of 22.325%.
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