《大行》瑞銀維持微軟(MSFT.US)「買入」評級 目標價升至650美元
瑞銀發表研報指,微軟(MSFT.US)次季再度交出亮眼成績,Azure雲服務增長率連續兩季超出預期,整體收入增長17%,利潤率好過預期,未履行訂單及新簽約訂單量分別增長35%及30%。該行認為,Azure增長動力主要來自核心非AI需求,尤其是大型企業從本地部署遷移至Azure的工作負載,相應上調Azure增長預測, 預期微軟2026財年資本開支將增長,但幅度或低於2025財年的增長58%。
瑞銀維持微軟的「買入」評級,將2026財年每股盈利預測從15.09美元上調至15.73美元,將目標價從600美元上調至650美元,並將2026財年資本開支預測上調至1,200億美元,對比此前預測為997億美元。
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