You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行》高盛升微軟(MSFT.US)目標價至630美元 重申「買入」評級
阿思達克 08-01 10:54
高盛發表報告指,重申對微軟(MSFT.US)的「買入」評級,並將目標價由550美元上調至630美元,此按現金流折現率作估值,因2025財年第四季各項關鍵指標均超出預期。該行指,由AI帶來的長期增長動能正推動微軟各業務的市佔率提升,最新業績亦反映AI效益將滲透至各層級,而微軟在GPU運算領域的領導地位將產生漣漪效應,帶動高利潤產品組合的需求。隨著AI工作量快速提升,微軟將受惠於儲存需求增長、數據庫擴容及應用程式使用量提升。 另外,該行認為市場低估微軟資本支出增長的持續性,料2026及2027財年將分別增加31%及19%。而關鍵在於,即使微軟資本支出按年增長58%至逾880億美元,毛利率僅收縮100個基點,且營業利潤率擴張100個基點,反映公司在各方面的效率優化能力。 高盛認為,微軟高利潤的平台服務將帶動毛利率及盈利增速加快,即使在3,000億美元收入的規模下,微軟仍具優勢把握此轉型契機,推動盈加速增長。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account