高盛:將Chegg、Coursera和多鄰國等多家教育科技公司評級下調至“賣出”
高盛週五發佈報吿稱,將教育科技公司Chegg(CHGG.US)、Coursera(COUR.US)和多鄰國(DUOL.US)的評級從“中性”下調至“賣出”,因這三家公司都面臨因人工智能所帶來的不利因素。AI教育大牛股多鄰國(DUOL.US)2023年股價上升超過219%,表現非常亮眼。市值巔峯突破100億美元,但是前瞻性估值也達到15倍市銷率,相當昂貴。投資者開始降低對其AI產品變現預期,股價從峯值回落超過20%。高盛股權研究公司的Eric Sheridan表示:“關於在線教育的前景將如何發展,仍有懸而未決的問題,關鍵問題是生成式人工智能的興起如何改變許多在線教育公司的學習者行為並最終改變用户增長,以及投資(許可費、計算成本)和成本節約(內容方面)的平衡如何。”ZipRecruiter(ZIP.US)評級也從“買入”下調至“中性”。儘管高盛仍認為公司在長期內處於有利地位,但“由更廣泛的宏觀環境驅動”的短期干擾預計將在2024年持續。Fiverr(FVRR.US)是唯一一家在報吿中被上調評級的公司,從“中性”攀升至“買入”評級。該公司繼續將其平台和產品定位為更高水平的個性化和匹配能力,以及更復雜的項目,其中許多舉措都是由人工智能驅動的。
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