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研報掘金丨國信證券:首予歌爾股份“優於大市”評級,目標價25.20-28.48元
格隆匯 04-08 15:29
國信證券研報指出,歌爾股份(002241.SZ)為電聲器件全球龍頭,充分受益AIoT發展趨勢。隨着端側AI 逐漸落地,手機、PC、眼鏡、玩具、音箱等形態智能終端,都將語音輸入作為主要交互方式之一,對電音元件要求快速提升,推動公司部分精密零組件和智能終端產品量價齊升。公司深度綁定頭部大客户,隨着語音成為AI終端的核心交互方式,電聲器件重要性快速提升,看好公司作為電聲全球龍頭將受益於AIoT的發展。基於可比公司相對估值,給予公司25年23-26倍PE,對應目標價25.20-28.48元,首次覆蓋,給予“優於大市”評級。
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