《大行報告》美銀證券下調亞馬遜(AMZN.US)目標價至135美元 評級「買入」
美銀證券發表研究報告指,亞馬遜(AMZN.US)2022年的股價表現(-49%)跑輸納斯達克指數(-33%),略好於電子商務板塊(-53%)。雖然2023年第一季可能會受到消費者和企業支出削減的壓力,但美銀經濟學家預計2023年通脹率將降至3%以下,該行認為更有利的消費者支出環境和較低的利率前景可能會導致2023年出現多重擴張。
該行指,公司在零售和雲端運算服務(AWS)方面投入了大量資金,在今年上半年疲弱的情況下,成本與收入之間可能存在差異。然而,該行料2022年的一些不利因素可能會逆轉,同時有跡象表明將採取更積極的成本削減措施(如裁員),可支撐利潤率。該行又認為其高企的資本支出可能會在2023年下降。
該行料2023年其收入及通用會計準則利潤分別為5,600億美元及200億美元,將集團目標價由137美元略微下調至135美元,重申「買入」評級。
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