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《大行報告》德銀上調Meta(META.US)目標價至200美元 評級「買入」
阿思達克 02-07 10:04
德銀發表報告指,Meta(META.US)將業務轉向Reels,並投入數以十億計美元作資本開支,雖然初步證據顯示,業務正有良好表現,惟競爭無處不在,週期性擔憂依然存在。該行認為,Meta的挑戰在很大程度上仍然是暫時的,對隱私保護測量及定位解決方案的投資、平台上信號的增長以及Reels貨幣化的增加應該會隨著時間的推移減輕當前的不利因素。 該行表示,公司現正轉向在今年及以後優先考慮效率,將2023財年營運支出和資本支出指引的中點分別下調50億美元和40億美元,有望為盈利及自由現金流帶來重大上行,亦令該行對公司的利潤率和盈利能力更有信心。 該行指,在收入方面,集團的Reels似乎已經達到足夠的規模,公司可以專注於貨幣化效率。集團又增加了400億美元的回購授權,是資本配置方面的又一利好消息。該行對集團定收入預測保持相對不變,但將2023及2024財年的盈利預測分別上調12%和9%,目標價由125美元上調至200美元,評級為「買入」。
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