---
title: "Bank of America Securities initiates coverage on INNOSCIENCE with a \"Buy\" rating and a target price of 108 yuan"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/265829319.md"
description: "Bank of America Securities initiated coverage on INNOSCIENCE with a \"Buy\" rating and a target price of 108 yuan. INNOSCIENCE is a leading company in the global gallium nitride power semiconductor market, with a market share of 30% last year. Bank of America Securities is optimistic about its long-term growth prospects, expecting a compound annual growth rate of 72% in revenue from 2024 to 2027, and a net profit margin of 12.1% in 2027"
datetime: "2025-11-14T01:54:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265829319.md)
  - [en](https://longbridge.com/en/news/265829319.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265829319.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/265829319.md) | [English](https://longbridge.com/en/news/265829319.md)


# Bank of America Securities initiates coverage on INNOSCIENCE with a "Buy" rating and a target price of 108 yuan

Bank of America Securities released a report, initiating coverage on INNOSCIENCE (02577.HK) with a rating of "Buy" and a target price of 108 HKD.

INNOSCIENCE is a leading company in gallium nitride (GaN) power semiconductors, holding a 30% global market share by revenue last year, making it the largest. Bank of America Securities is optimistic about INNOSCIENCE's long-term growth prospects, citing reasons such as the global GaN power semiconductor market growing rapidly at a 63% compound annual growth rate (CAGR) from 2024 to 2028; economies of scale and technological innovation leading to continuous improvement in profitability; and collaboration with NVIDIA to develop an 800V HVDC architecture, which is expected to bring revenue growth potential starting in 2027.

Bank of America Securities forecasts a 72% CAGR for INNOSCIENCE's revenue from 2024 to 2027, with a projected net profit margin of 12.1% in 2027, while it is expected to be negative 126.2% in 2024

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