《大行報告》摩通升甲骨文(ORCL.US)目標價至105美元 評級「中性」
摩根大通發表研究報告指,甲骨文(ORCL.US)雲端應用、甲骨文雲端基礎架構(OCI)和戰略硬件業務增長更快,收入貢獻亦持續提升,目前收入逾七成來自經常性及維護服務等可再生收入,令甲骨文的經營模式增加彈性,預期公司將持續受惠於有利的業務組合轉變。
另外,營運開支控制措施奏效,加上公司於疫情期間減少差旅,增加遠程工作比例,更多員工改於成本較低的地區工作,亦有利於繼續推動甲骨文營運利潤增長速度超越收入增幅。
摩通認為,甲骨文收入來源具韌性,與其他行業相比風險較低,因此在疫情後表現相對較好,認為是軟件行業中相對安全的避險選擇,可能會受惠於價值輪動,將目標價由100美元上調至105美元,評級「中性」。
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