错过泛林(LRCX.US)暴涨不必慌？KeyBanc：应用材料(AMAT.US)才是当下“性价比之选”

智通财经09-24

智通财经APP获悉，KeyBanc发表研报，将泛林集团(LRCX.US)评级下调至“与大盘持平”，同时将应用材料(AMAT.US)目标价从200美元上调至220美元。以Steve Barger为首的分析师团队表示，总体而言，他们对半导体行业未来数年的前景仍持积极态度。这一乐观预期主要源于人工智能(AI)驱动下强劲且快速增长的支出、行业技术迭代，以及全球电子产品市场的长期增长趋势。“尽管如此，考虑到...

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Barger为首的分析师团队表示，总体而言，他们对半导体行业未来数年的前景仍持积极态度。泛林集团KeyBanc将泛林集团评级从“增持”下调至“与大盘持平”。应用材料KeyBanc将应用材料的目标价上调至220美元，同时维持“增持”评级。Barger及其团队指出，今年以来，应用材料的股价表现明显落后于同行。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LRCX":"拉姆研究","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4518":"OLED概念","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1989763005.USD":"东方汇理教育基金A2 Acc","SG9999002232.USD":"Allianz Global High Payout USD","BK4551":"寇图资本持仓","AMAT":"应用材料","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  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KeyBanc: Applied Materials (AMAT.US) is the current \"cost-effective choice\"","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LRCX":1.5,"AMAT":1.5},"content_text":"智通财经APP获悉，KeyBanc发表研报，将泛林集团(LRCX.US)评级下调至“与大盘持平”，同时将应用材料(AMAT.US)目标价从200美元上调至220美元。以Steve Barger为首的分析师团队表示，总体而言，他们对半导体行业未来数年的前景仍持积极态度。这一乐观预期主要源于人工智能(AI)驱动下强劲且快速增长的支出、行业技术迭代，以及全球电子产品市场的长期增长趋势。“尽管如此，考虑到当前的估值情况，我们将泛林集团评级下调至‘与大盘持平’。对于希望继续布局该行业、且看好行业整体向好趋势的投资者，我们认为应用材料的风险收益比更具优势，因此我们将其目标价上调至220美元，”该行分析师补充道。泛林集团KeyBanc将泛林集团评级从“增持”下调至“与大盘持平”。分析师指出，过去一周内，泛林集团的股价已超过其此前设定的目标价，且今年以来的表现显著优于同行，尤其是在过去一个月里，其股价涨幅进一步拉开与同行的差距。他们认为，泛林集团股价的这一表现主要由三方面因素推动：一是投资者对存储芯片终端市场的乐观情绪不断升温;二是在多个市场拐点到来前，投资者对泛林集团的竞争地位持更积极的看法;三是AI相关公告(如甲骨文(ORCL.US)、英伟达(NVDA.US)-英特尔(INTC.US)、三星(SSNLF.US)等企业的动态)引发的整体市场乐观情绪。Barger及其团队表示：“尽管如此，我们认为市场对泛林集团的普遍盈利预期或其实际盈利能力短期内不会出现相应增幅，这一点在各企业第二季度财报季中也得到了印证。由于该股股价上涨更多是由估值扩张推动，而非盈利增长带来，我们认为其股价的持续性面临风险。”应用材料KeyBanc将应用材料的目标价上调至220美元，同时维持“增持”评级。Barger及其团队指出，今年以来，应用材料的股价表现明显落后于同行。他们认为，造成这一现象的原因包括两方面：一方面，市场担忧其成熟制程芯片的需求面临压力，尤其是在中国市场——中国是应用材料设备销售额占比最大的市场;另一方面，应用材料此前曾表示，“先进制程需求的不稳定导致不确定性上升，且对今年下半年业绩的可预见性降低”，这一表述在财报季被投资者视为意外利空，也导致该公司当前估值处于折价水平。分析师表示：“我们认为，应用材料在先进制程领域面临的催化因素与行业内其他企业相似，但其股价表现受情绪面拖累——市场对该公司在中国成熟制程市场的业务面临挑战更为关注。不过，我们认为后者已是市场普遍知晓的情况，这也是应用材料当前估值更合理的原因之一。”值得注意的是，摩根士丹利于周一将应用材料的评级上调至“增持”，并将泛林集团的评级上调至“与大盘持平”。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2569778637","isCrawlerRequest":true}