HKG:3978 Stock Forecast

Stock Price Forecast

According to 3 analysts polled by S&P Global, HKG:3978 stock has a consensus rating of "Strong Buy" and an average price target of $6.07. The average 1-year stock price forecast is 87.93% higher than the current stock price, while the lowest is $5.88 (+82.04%) and the highest is $6.26 (+93.81%).

Price Target: $6.07 (+87.93%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$5.88	$6.07	$6.07	$6.26
Change	+82.04%	+87.93%	+87.93%	+93.81%

* Price targets were last updated on Mar 22, 2026.

Analyst Ratings

The average analyst rating for HKG:3978 stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Feb '25	Mar '25	Jul '25	Aug '25	Feb '26	Mar '26
Strong Buy	2	2	3	4	3	3
Buy	0	1	1	1	0	0
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	3	4	5	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Guoyuan Securities (HK) No rating	Guoyuan Securities (HK)	Buy Maintains $5.78	Buy	Maintains	$5.78	+78.95%	Mar 22, 2026
Unknown Analyst Huatai Securities No rating	Huatai Securities	Buy Maintains $6.15	Buy	Maintains	$6.15	+90.40%	Mar 21, 2026

Financial Forecast

Revenue This Year

2.21B

from 1.90B

16.12%

from 1.90B

Revenue Next Year

2.53B

from 2.21B

14.29%

from 2.21B

EPS This Year

0.42

from 0.39

9.16%

from 0.39

EPS Next Year

0.48

from 0.42

13.39%

from 0.42

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.90B	491.13M	489.31M	1.10B	1.90B	2.21B
Revenue Growth	12.49%	-74.13%	-0.37%	125.21%	72.82%	16.12%
Gross Profit	729.35M	173.06M	229.86M	510.12M	863.86M	994.07M
Gross Margin	38.41%	35.24%	46.98%	46.29%	45.36%	44.95%
Operating Income	186.06M	7.50M	131.51M	256.87M	386.79M	457.00M
Net Income	-325.03M	56.29M	91.25M	192.45M	301.47M	350.50M
EPS	-	-	-	-	0.39	0.42
EPS Growth	-	-	-	-	51.72%	9.16%
Forward PE	2.06	2.06	2.06	2.06	2.06	6.58
Dividend / Share	-	-	0.03	0.11	0.21	0.30
Dividend Growth	-	-	-	256.25%	86.84%	40.85%
Free Cash Flow	-444.88M	-69.62M	195.61M	702.96M	420.79M	471.00M
No. Analysts	-	-	-	-	-	3

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CNY.

Revenue Forecast

Revenue	2026	2027	2028
High	2.3B
Avg	2.2B
Low	2.2B

Revenue Growth

Revenue Growth	2026	2027	2028
High	19.0%
Avg	16.1%
Low	14.5%

EPS Forecast

EPS	2026	2027	2028
High	0.43
Avg	0.42
Low	0.42

EPS Growth

EPS Growth	2026	2027	2028
High	10.9%
Avg	9.2%
Low	8.3%