《大行》招商國際升亞馬遜(AMZN.US)目標價至271美元 維持「買入」評級
招商證券國際發表研究報告指,亞馬遜(AMZN US)第二季度業績表現強勁,淨銷售額按年增長13%,經營利潤增長31%,淨利潤增長35%,均超出市場預期。期內AWS按年增長17%,增速與首季相若,略遜於微軟(MSFT.US)Azure及谷歌(GOOGL.US)Google Cloud的39%及32%增長。
招商證券國際指,亞馬遜第三季度收入指引勝預期,經營利潤指引中位數略低於預期,可能反映宏觀環境及關稅因素影響,維持「買入」評級,將目標價上調至271美元,看好其受惠AI發展、關稅能見度改善及AWS增長潛力,預期產能限制問題可逐步緩解。
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