《大行報告》摩通升Alphabet(GOOGL.US)目標價至165美元 維持「增持」評級
摩通發表報告指出,Alphabet(GOOGL.US)年初至今股價跑輸,累跌2%,相對於同期標普500指數累升8%,而Meta(META.US)更累升42%。投資者對公司近期的大型語言模型Gemini感到沮喪,該行預期未來生成式人工智能(GenAI)世界中對搜尋的增長及定位存在不確定性,在重新設計成本結構方面缺乏明確的目標,並要求更大的資本回報(包括股息),且與Meta相對之下,Meta似乎所做的一切都較為正確。
儘管如此,該行相信Google可令Gemini重回正軌,並開始縮小與微軟(MSFT.US)及OpenAI的生成式人工智能方面的差距。同時,該行料公司在重新設計成本結構的第二年,將進一步錄得收益,以及提高資本回報,當中或包括股息。該行對Alphabet的目標價,由160美元上調至165美元,維持「增持」評級。
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