[Goldman Sachs Initiates Buy Rating on InnoLight Technology, Target Price HK$3,267] TechFlow News, September 7 – Goldman Sachs released a report initiating a Buy rating on InnoLight Technology (03308.HK) H-shares, with a target price of HK$3,267. The firm expects the company’s compound annual revenue growth rate (CAGR) to reach 78% from 2026 to 2028, primarily driven by the growth in shipments of silicon photonics (SiPh) optical modules and the company’s expansion beyond scale-out into scale-up and scale-across markets. Goldman Sachs’ net profit forecasts for the company in 2026 and 2027 are 25% and 42% higher than market expectations, respectively. Additionally, it projects the gross profit margin to improve from 42% in 2025 to 50% in 2028, with a compound annual growth rate of 84% in net profit from 2026 to 2028. (Jin10)