Analyst opinions on CXMT are more polarised than any other Asian stock, with price targets ranging from US$160 billion to US$1.1 trillion in 12 months. This divergence reflects debate over how the Chinese chipmaker will reshape global memory competition, cyclical dynamics, and pricing.

Bullish analysts like Nomura's Donnie Teng see CXMT capturing DRAM market share driven by China's tech self-sufficiency push, potentially producing high-bandwidth memory (HBM) using DUV workarounds. Teng's 116 yuan ($17) target represents over double the stock's recent close.

Bearish views from Morningstar's Jing Jie Yu warn that increasing industry capacity will depress DRAM prices by late 2027, hurting profits. The stock surged 523% in its first week after an underpriced IPO, attracting three buy recommendations. CXMT's ability to produce HBM-quality chips without EUV lithography remains a key question, though China's rapid progress in legacy DRAM suggests potential catch-up. Samsung Electronics, SK Hynix and Micron Technology face significant competitive pressure.