《大行報告》摩通降高通(QCOM.US)目標價至170美元 季績勝預期
摩根大通發表研究報告指,高通(QCOM.US)首季業績勝預期,主要來自於Android安卓供應鏈庫存補貨的帶動,但預期相關利好在未來幾個季度的影響有限。
雖然外界普遍預期高端智能手機市場今年將錄得強勁增長,加上旗艦智能手機型號多數開始加入融合人工智能(AI)技術的新功能,亦有助推動內容生態增長加快,但該行認為,於三星及華為的份額減少將部分抵銷相關增長,因此在2024年收入預測中未有完全計及該行好因素的拉動,相應將目標價由173元降至170美元。
摩通認為,嚴格的成本控制下公司利潤率增長料延續至未來幾個季度,同時高通亦公布繼與蘋果和三星更新協議後,亦與其他OEM廠商續簽合作協議,維持「增持」評級,看好高通的技術領先優勢,可享受即將來到的智能手機及個人電腦增長期。
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