大行評級丨大摩:上調英偉達目標價至170美元 上調收入及Non-GAAP每股盈利預測
摩根士丹利發表研究報吿,將英偉達的目標價從160美元上調至170美元,予以“增持”評級。該行表示,英偉達截至4月底止季度收入440億美元(按季增長12%,按年增長69.2%),分別超出場市場預期的433.49億美元,以及該行的預估422.13億美元。按業務分部,數據中心收入391.12億美元,按季增長9.9%,按年增長73.3%;遊戲業務收入37.63億美元,按季增長47.9%,按年增長42.2%。期內,英偉達毛利率為60.5%(剔除H20庫存費用後為71.3%),低於市場預期的71.1%,高於該行的預估的57.8%。 該行提高對英偉達2026財年的收入預估,同時保持2027及2028財年的按年增長率在相若水平。對於10月季度,該行將英偉達收入從490.07億美元上調至512.99億美元,Non-GAAP每股盈利預測從1.1美元上調至1.17美元。對於2026財年,該行將收入及Non-GAAP每股盈利預測分別從1908.18億美元及4.09美元,上調至1988.21億美元及4.33美元;對於2027財年,該行將收入及Non-GAAP每股盈利預測分別從2528.9億美元及6.01美元,上調至2646.48億美元及6.28美元。
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