大行评级丨Evercore ISI:升Meta目标价至860美元,看好出售多余AI算力带来的潜在上行空间

格隆汇
Aug 26
Evercore ISI将Meta目标价从820美元上调至860美元,理由是该公司可能将多余的AI运算能力出售给外部买家,从中取得潜在的上行空间。根据分析师Mark Mahaney估算,如果Meta出售多余的运算容量,只要将0.5GW至1GW的容量投入市场,每年就能带来110亿至220亿美元的外部营收。出租1GW的运算容量只会占Meta 2027年14GW总容量目标的7%,同时每股获利最多可增加4.32美元。分析师认为,投资人应该把潜在的运算业务视为一项“买权(call option)”,“我们会把运算能力的选择权视为持有Meta这项AI基础设施投资的理由之一,但不会以完整的超大规模云端运算长期收入流作为投资估值的基础。”

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