In a report released today, Atul Goyal from Jefferies maintained a Buy rating on Panasonic, with a price target of Yen1,835.00.
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Atul Goyal has given his Buy rating due to a combination of factors that highlight Panasonic’s potential for significant growth. The company’s Battery Backup Unit (BBU) business is set to expand substantially as the demand for AI datacenter power increases, particularly with the introduction of NVIDIA Rubin in 2026.
Research from Fubon and Jefferies indicates a significant rise in power rack dollar content and a favorable re-rating across the sector. Panasonic’s advantage lies in its ability to centralize BBUs efficiently, leveraging its Li-ion battery scale, which positions it favorably against competitors like Eaton and Vertiv. Despite recent challenges affecting market sentiment, Panasonic’s involvement in AI and its strategic reforms present compelling reasons for optimism.