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大行評級|美銀:上調臺積電目標價至290美元 AI需求和技術領先地位支撐長期增長
格隆匯 07-18 11:59
美銀證券發表報告,將臺積電臺股目標價由1280元新臺幣上調至1400元新臺幣,美股目標價由260美元上調至290美元,投資評級“買入”。該行上調對臺積電今年至2027年每股盈利預測5%至6%,反映更強毛利率表現、更好全年指引及人工智能驅動的前沿產能持續緊張。該行指,臺積電第二季業績超預期,毛利率受惠更高產能利用率和成本效率。第三季指引超預期,臺積電將2025年美元計價收入增長預測上調至30%。該行認爲第四季收入有上行潛力,受穩健AI需求支撐。儘管面臨外匯逆風,臺積電預計毛利率將保持53%以上。該行亦表示,注意到臺積電的長期增長,受結構性AI需求和臺積電技術領先地位支撐。加速的2奈米技術和持續的CoWoS封裝技術擴張進一步鞏固其在AI時代的護城河。
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