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《大行》美銀證券升蔚來(09866.HK)目標價至59元 重申「中性」評級
阿思達克 09-22 11:16
美銀證券發表研究報告指,蔚來-SW(09866.HK)(NIO.US)近日更新公司最新狀況指,目前已建成3,500個換電站。同時,蔚來已建立連接20條主要高速公路和16個城市羣的換電網絡。在新車方面,蔚來正式推出第三代ES8,並指出NIO ET9 Horizon具有內部升級和外部配置,價格爲81.8萬元人民幣以上,或在BaaS計劃下爲71萬元人民幣以上。 另外,蔚來第三代ES8提供三個版本,價格介乎40.68萬至44.68萬元人民幣,略高於預期。在BaaS計劃下,新ES8的價格介乎29.88萬至33.88萬元人民幣。 美銀證券考慮到最新的訂單情況,將蔚來2025至27年的銷量預測分別上調1%、2%及1%,預計蔚來明年的non-GAAP淨虧損將較之前的預測擴大3%,並將2027年的non-GAAP淨利潤預測下調1%。另外,考慮到公司剛完成股份配售,將H股目標價由55元上調至59元,美股目標價由7.1美元升至7.6美元,重申「中性」評級。該行認爲,公司當前的估值已反映出銷售增長和虧損收窄的積極因素。
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