《大行報告》花旗升AMD(AMD.US)目標價至192美元 遭拋售為買入機會
花旗發表報告指出,AMD(AMD.US)去年第四季收入61.7億美元,按季增長6%,較市場及該行預期的61.1億與61億美元為高,主要受惠於數據中心銷售增長。季內毛利率達50.7%,按季下跌20點子,低過市場及該行預期的51.5%。每股盈利為0.54美元,亦較市場及該行預期的0.57與0.58美元低,主要受毛利率下降及開支增加影響。
此外,AMD對今年首季的指引作出下調,預期收入按季跌12%至54億美元,較市場預期的57億美元為低,並低於該行原預期的59億美元。然而,公司上調對MI300人工智能(AI)晶片的今年銷售額指引,由原預期的20億美元上調至超過35億美元,至於該行預測該晶片今年銷售超過50億美元,明年有望逾80億美元。
該行將AMD今年收入預測由263億美元降至257億美元,每股盈利預測亦由3.2美元下調至2.75美元。但對公司明年收入預測由295億美元上調至325億美元,每股盈利預測由4.38美元升至5.04美元。估計2026年收入及每股盈利可達390億美元與6.85美元。維持對公司「買入」評級,目標價由136美元上調至192美元,認為該股遭拋售為買入機會。(jl/k)
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