德銀:重申蔚來“買入”評級,目標價50美元
近日蔚來(NIO.US)宣佈增發6800萬份ADS,每ADS定價39美元。受此消息影響,德意志銀行分析師Edison Yu重申其“買入”評級,目標價50美元。該分析師認爲,蔚來此舉與充實資金的計劃關係不大,更多的是爲了利用當前的市場條件,爲自己創造優勢。
在分析師看來,蔚來並不需要這筆資金,因爲它在第三季度結束時擁有近30億美元的現金儲備,但考慮到該公司股票的走勢(過去3個月累計上漲155%)和投資者普遍看好的情緒,公司認爲這是一個可以機會主義方式行事的時機。儘管其股價整體已從近期高點回落,但考慮到公司估值和其他新能源車企也在進行大量增發,對於投資者來說,這或許是一次可以重新審視該股投資策略的反思機會。
Yu表示,總體而言,中國電動汽車行業的競爭態勢正在加劇,但蔚來擴大市場份額的努力似乎初見成效。考慮到公司不斷增長的品牌認知度(今年客戶推薦率從2019年的52%上升至62%),以及1月份產量升至每月7.5萬輛,分析師預計,在中國春節假期到來之前,蔚來的銷售額將繼續創下紀錄。
Yu的預測與大多數華爾街分析師的看法一致。在追蹤該股的分析師中,7位建議買入,4位建議持有,共識評級爲“溫和買入”,平均目標價爲49.01美元。
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