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Fujikura shares gain for fifth day as brokerage lifts price target to 6,400 yen
Fujikura <5803> extended its rally to a fifth straight session as buying continued on expectations of surging demand for optical fiber in AI data centers. Nomura Securities raised its price target for the stock to 6,400 yen from 4,667 yen on April 13, maintaining its top "Buy" rating. The brokerage revised its earnings forecasts upward, citing tightening global supply for optical fiber, a capacity expansion plan announced in March, and the impact of higher crude oil prices. Nomura views the company's plan to triple production capacity as a significant opportunity, raising its projected compound annual growth rate (CAGR) for earnings per share to 26% from 23%.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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