大行評級|花旗:上調台積電目標價至1030新台幣 AI及先進節點帶來持續增長
花旗發表研究報吿指,台積電今年首季盈利按年增長9%至2,255億元新台幣,毛利率維持強勁韌性,達到53.1%,高於該行及市場預測。台積電展望今年第二季收入將按季增長6%,預期毛利率及經營利潤率將達到52%及41%,資本開支預算及全年收入增長預期維持不變,但基於需求要更長時間恢復,管理層將行業增長預期由20%下調至十數個百分點。花旗重申“買入”評級,考慮到隨着N2定價及成本結構持續改善,以及該公司明年規模擴張,預計AI及先進節點需求加快提升,將令台積電的增長持續跑贏行業,預期明年盈利將實現更強勁的按年增長,因此將其台股目標價提升至1,030元新台幣。
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