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大行評級丨瑞銀:上調Alphabet目標價至186美元 上調每股盈測
格隆匯 04-28 14:44
瑞銀髮表研報指,Alphabet 3月底止2025財年第一季搜索業務收入按年增長10%,超出投資者預期的8%及市場預期的9%。另外,公司維持其750億美元的資本開支指引,可能被視為積極的收入環境信號。瑞銀表示,雖然Alphabet折舊與攤銷,以及YouTube或內容獲取成本符合預期,但銷售成本遠低於預期。該行將Alphabet的2026及2027財年每股盈利預測上調約7%,推動目標價由173美元上調至186美元,維持“中性”評級。瑞銀亦持續認為,由於未解決的監管問題及最重要業務市場份額流失的前景,Alphabet的市盈率交易倍數將持續承壓。
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