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《大行報告》美銀證券升亞馬遜(AMZN.US)目標價至204美元 評級「買入」
阿思達克 02-06 11:07
美銀發表研究報告指,亞馬遜(AMZN.US)去年第四季業務向好,收入及盈利達1,700億及132億美元,均高於市場預期的1,662億及105億美元。當中北美市場零售利潤率達6.1%,遠高於市場預期的4.1%,相信主要來自於物流及履約服務成本的下降低,憧憬未來或更大改善空間。 期內亞馬遜網路服務(AWS)業務增長13.2%,符合市場預期。美銀預期,AWS業務加快發展,以及強勁的Prime Video廣告增長,將在未來幾個季度集團推動利潤率提升。展望未來,該行指出,亞馬遜今年首季收入指引介乎1,380億至1,435億美元,較市場預期的約1,420億美元低1%,表明增長速度或從去年第四季的14%,減慢到8%至13%。 美銀繼續預計2024年全年AWS營收增長將加快至17%,並將今年全年淨利潤率預測從4.9%提高到6.6%,並將2025年淨利潤率預測提高至8.2%,明年全年收入及盈利預測上調至7,170億及720億美元,每股盈利預測從4.58美元上調至5.3美元,目標價由185美元升至204美元,重申評級「買入」。
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