交银国际：维持蔚来-SW目标价62.7港元评级“买入” 现金流转正指引强劲

智通财经2025-11-27

交银国际发布研报称，维持蔚来-SW(09866)港股目标价62.7港元和美股目标价8美元，维持“买入”评级。　　鉴于2025年第三季强劲的毛利率表现及第四季的历史性高指引，该行维持蔚来“多品牌、高增长”周期的判断。维持2025全年销售量预测约34万辆，认为市场先前的担忧已随毛利率修复和现金流转正有所缓解。　　蔚来第三季业绩强劲，经营现金流转正，资产负债表修复。蔚来第三季总收入达217.9亿元人民币...

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交银国际：维持蔚来-SW目标价62.7港元 评级“买入” 现金流转正 指引强劲

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交银国际：维持蔚来-SW目标价62.7港元评级“买入” 现金流转正指引强劲