大行评级|美银:因消费需求不确定性下调台积电目标价至240美元 下调今明两年盈测

格隆汇
15 Apr

美银证券发表报告,考虑到关税担忧和AI供应链的小波动已被市场消化,台积电估值相当于预测今明两年市盈率分别14倍和11.5倍时显得具吸引力。该行预计台积电在上半年仍将保持竞争力和增长,尽管关税相关影响不可避免。

为反映地缘政治风险和关税导致的消费需求不确定性,该行将台积电2025至2026年盈利预测下调4%至5%,并将其美股目标价由265美元下调至240美元,重申“买入”评级。

该行预计台积电将在4月17日的2025年第一季度财报会议上更新指引,关注的重点包括:1)关税的潜在影响;2)与英特尔合资项目的进展;3)美国投资计划及其财务影响;4)AI需求和先进封装技术的前景。

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10