《大行》花旗升微軟(MSFT.US)目標價至613美元籲買入 續列首選
花旗研究報告指,重申對微軟(MSFT.US)2025財年第四財季(截至今年6月底止財季)業績的樂觀預期,料多數關鍵指標將稍勝預期1至2個百分點,當中Azure AI的使用量可能輕微增長。據該行調查結合經銷商數據,第四財季整體增長及配額達成率(Quota Attainment)創下4年來的最佳表現,亦反映出Copilot與Dynamics產品的強勁動能。
繼6月中旬調升Azure AI的預測後,該行最新料下財年首季Azure增長約為36%,按季持平或稍跌,並將目標價由605美元升至613美元,料後續仍有上行空間。考慮到公司對AI的佈局、商業模式的質素、長遠的定價及利潤能力,繼續將微軟列為首選,予「買入」評級。
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