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研報掘金|中金:上調金山雲目標價至20美元 對公司增長預期更為樂觀
格隆匯 02-18 10:28
中金髮表研報指,金山雲於本月8日公佈在公有云和國資雲/政務雲場景中,全面支持DeepSeek-R1/V3,故維持其2024財年收入及經調整EBITDA預測基本不變。另外,考慮到下游客户需求大於預期,故上調2025財年收入預測7.2%,同時上調經調整EBITDA預測6.5%。 中金亦引入對金山雲2026財年收入預測105.4億元及經調整EBITDA預測19.3億元。考慮行業估值中樞上行及公司增長預期更為樂觀,故上調其美股目標價至20美元,維持“跑贏行業”評級。
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