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《大行》海通國際降特斯拉(TSLA.US)目標價至347.4美元 維持「優於大市」評級
阿思達克 07-28 12:55
海通國際發表報告,維持特斯拉(TSLA.US)「優於大市」評級,目標價下調5%至347.4美元。近期股價疲軟已基本反映2025年第二季業績疲弱及2025年全年前景平淡的預期。展望未來,該行認爲Robotaxi業務擴張與新車型推出將成爲重要催化劑,儘管相關進展可能推遲至2025年第四季。短期盈利影響有限,自動駕駛技術與人形機器人規模化仍是特斯拉長期核心價值驅動因素。 考量2025年第二季業績未達預期,該行將特斯拉2025年營收及盈利預測分別下調2%及13%。然而,特斯拉在自動駕駛技術及人形機器人商業化進程中的獨特領導地位,持續支撐該行維持「優於大市」評級。 業績電話會議未提供2025年汽車銷售指引,市場反應平淡。隨着電動車稅收抵免於2025年第三季末到期,該行預期下一季銷量可能顯着回升,但可能透支未來需求。
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