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大行評級|摩根大通:下調亞馬遜目標價至270美元 重申“增持”評級及行業內首選
格隆匯 02-10 11:12

摩根大通發表研報指,亞馬遜截至3月底止首季度營收及營業利潤指引略低於預期,至於產能限制或會導致其雲端運算服務(AWS)增長不穩定。同一時間,亞馬遜去年第四季度業績穩固,營收達到1,878億美元,在扣除約9億美元的外匯不利因素後,表現超出了指引上限,至於其季度營業利潤亦創下歷史新高,達到212億美元。

摩通預計,今年亞馬遜AWS業務將增長19%,其中包括非人工智能增長,以及人工智能貢獻增加所支持的下半年增長加速。鑑於亞馬遜透過AWS實現人工智能貨幣化的明確路徑,以及亞馬遜所稱的互聯網以來最大的技術變革,該行對亞馬遜今年約1,050億美元的資本開支前景感到樂觀。另外,摩通將亞馬遜2025及2026財年收入預測下調約2%,但營業利潤預測則上調3%至5%。該行表示,亞馬遜仍然是行業內的最佳選擇,但將其目標價由280美元下調至270美元,重申“增持”評級。

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