花旗将甲骨文(ORCL.N)评级升为买入 目标价升至410美元

GateNews

金十数据9月11日讯,花旗发表研究报告,将甲骨文(ORCL.N)评级从中性升为买入,因此前首季创历史纪录的订单表现,增强了该行对其AI业务持久性和盈利能力的信心。其首季3300亿美元以上的订单令人惊艳,并伴随基础设施即服务(IaaS)收入的大幅上调(未来三年增长6倍至1140亿美元,高于该行预估的870亿美元)。花旗续指,对甲骨文盈利能力的担忧也得到更好解决,公司指引2026财年的EBIT增长为中十位数,高于该行预估的6%。基于该行对AI基础设施需求的正面看法,花旗认为甲骨文股价仍有上行空间,未来几年收入和净利的增长将显着加速,进一步确立甲骨文作为独特的大型AI赢家地位。花旗表示,在令人惊艳的订单数字和远超预期的盈利展望后,大幅上调预估,特别是2028财年的IaaS、总收入、每股盈利分别上调52%、23%、24%。监于AI基础设施的短期需求和RPO的显着增长,目标倍数增至37倍。因此,将目标价从240美元上调至410美元;目标价基于2028财年非GAAP每股盈利11.11美元的约37倍市盈率。

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