智通财经APP获悉，美银证券发布研报称，维持快手-W(01024)“买入”评级，目标价63港元，并认为估值。净现金接近股价的一半，吸引因此除2026财年后的现金市盈率大约5倍。在该行SOTP估值中，对可灵AI估值为31港元，相当于180亿美元，基于预测2026年财年市销率35倍。
报告指，在快手投资者会议结束后，对快手可灵AI持乐观态度，因为该AI影视模型具世界领先地位，且商业化正在加速。预期可灵收入预测将有上行空间，并会密切关注可灵的模型升级及价值释放事件。
该行表示，快手于5月宣布正在评估重组可灵AI的方案，可能涉及外部融资。融资解释，后续主要是为了留住和吸引人才。对于可灵AI来说首次公开募股，该行认为一般需要一定时间才能获得监管批准。对于快手核心业务来说，接下来随着基数正常化，预计将恢复增长。
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