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大行評級丨花旗:升應用材料目標價至250美元 評級買入
花旗發表報吿,指應用材料(AMAT.US)4月底止次財季每股盈利較預期高9%,其7月底止第三財季每股盈利指引亦較市場預測高出6%。公司整體終端市場評論與同業相同,其對下半年閘極全環(GAA)邏輯晶體管需求上升的信心逐漸增加,料今年總銷售逾25億美元,明年有望倍升。公司預期今年先進封裝及高頻寬記憶體(HBM)銷售分別17億美元及逾6億美元。至年底中國市場銷售增長料正常化至約30%,正常化毛利率料47%。該行料市場將上調應用材料2025年的預測,料SEMICONWEST2024美國國際半導體展將會是集團下一重大催化劑,該行輕微調整對其2024年(下調1%)及2025年(上調1%)每股盈測,目標價由211美元升至250美元,評級買入。
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