---
title: "《大行》星展升商汤目标价至 2.5 元  维持「买入」评级"
description: "星展银行将商汤科技的目标价从 2.1 元上调至 2.5 元，并维持「买入」评级。报告指出，商汤上半年营收同比增长 36%，经调整净亏损收窄 50%，得益于「1+x」策略的成功执行。星展还将 2025 至 2027 财年的营收预测各调升 1%。"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/255432257.md"
published_at: "2025-09-01T08:41:27.000Z"
---

# 《大行》星展升商汤目标价至 2.5 元  维持「买入」评级

> 星展银行将商汤科技的目标价从 2.1 元上调至 2.5 元，并维持「买入」评级。报告指出，商汤上半年营收同比增长 36%，经调整净亏损收窄 50%，得益于「1+x」策略的成功执行。星展还将 2025 至 2027 财年的营收预测各调升 1%。

星展发表报告指，商汤-W(00020.HK) 上半年营收按年增 36%，经调整净亏损收窄 50%，得益於「1+x」策略成功执行，两项表现均超出预期。该行将 2025 至 27 财年各年营收预测各调升 1%。

星展维持商汤「买入」评级，因其强大的多模态能力对扩展 AI 应用至关重要；目标价由 2.1 元上调至 2.5 元，基於采用更高的 13 倍预测 2026 财年企业价值/销售额倍数。

### Related Stocks

- [00020.HK - 商汤-W](https://longbridge.com/zh-CN/quote/00020.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| A Look At CK Hutchison Holdings (SEHK:1) Valuation After Recent Share Price Momentum | CK Hutchison Holdings (SEHK:1) has gained investor attention due to a strong share price performance, with a 19.3% retur | [Link](https://longbridge.com/zh-CN/news/276191173.md) |
| LTIMindtree Signs 5-Yr Collaboration With Indian Institute Of Creative Technologies | LTIMindtree Ltd :LTIMINDTREE - LTM ANNOUNCES STRATEGIC COLLABORATION WITH INDIAN INSTITUTE OF CREATIVE TECHNOLOGIESLTIMI | [Link](https://longbridge.com/zh-CN/news/276314995.md) |
| Adani Ports accepts bids for 5-year bonds, bankers say | Adani Ports and Special Economic Zone has accepted bids worth 10 billion rupees ($109.92 million) for five-year bonds, o | [Link](https://longbridge.com/zh-CN/news/276428933.md) |
| Olympics-Ice hockey-United States beat Canada in overtime for women's gold | The United States defeated Canada 2-1 in overtime to win the women's ice hockey gold medal at the Milano Cortina Olympic | [Link](https://longbridge.com/zh-CN/news/276379999.md) |
| Alibaba (BABA) Upgrades Qwen AI Model as China's Tech Giants Battle for Users | Alibaba has upgraded its AI model to Qwen3.5, enhancing its capabilities in text, image, and video processing. This move | [Link](https://longbridge.com/zh-CN/news/276055492.md) |

---

> **免责声明**：本文内容仅供参考，不构成任何投资建议。
