智通财经APP获悉，摩根大通发布研报称，对瑞声科技(02018)稳固展望，以及长远在人工智能、机器人与汽车有更多新机遇持正面观点，对瑞声目标价由60港元上调至65港元，相当预测2026年下半年至2027年上半年市盈率22倍，维持“增持”评级。
瑞声科技(02018)管理层在分析员会议中交出正面的下半年毛利率展望，预计受新高端产品增产及持续改善的光学业务推动。公司下半年的收入展望亦胜市场预期，受惠新业务显著增长，包括导热及汽车声学，以及现有产品规格升级。该行相信管理层乐观语调及指引纾缓投资者对公司毛利率下降的忧虑。
瑞声管理层有信心2025全年毛利率仍将同比增长，或至少能与2024年的22.1%持平，这意味着2025年下半年毛利率将超过23%(对比2025年上半年的20.7%)，估计下半年更多智能手机触觉马达新产品的量产提升产品组合(预计毛利率回到30%以上水平)。
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