研报掘金丨中金:维持博通“跑赢行业”评级 目标价475美元

中金财经
Dec 15, 2025

  中金公司维持博通(AVGO.US)跑赢行业评级,目标价475美元,FY25Q4业绩及AI订单超预期,AI ASIC收入强劲,Backlog达730亿美元,未来18个月收入可见度高。受益于AI计算与网络需求,上调FY26/FY27盈利预测,AI业务估值提升,目标价上调至475美元,对应FY26 44倍P/E,上行空间16.9%。   

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