Goldman Sachs Maintains Buy on Murata Manufacturing, Cites Strong AI Data Center Demand for MLCC Orders

According to a Goldman Sachs report covered by Guru Club on June 23, the investment bank maintained a buy rating on Murata Manufacturing and added it to its conviction list, citing strong multilayer ceramic capacitor (MLCC) orders driven primarily by AI server and data center demand. Goldman Sachs noted that with MLCC capacity utilization sustained at 90%-95% and continued improvement in high-end product mix, Murata's profitability may accelerate further in the second half of 2026. The bank set a 12-month price target of 12,600 Japanese yen.
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