--- title: "《大行》瑞银对美图维持正面态度 目标价 14.1 元吁「买入」" description: "瑞银对美图维持正面态度，目标价 14.1 元，评级为「买入」。报告指出，尽管美图股价因 Google 推出的图像编辑模型「Nano Banana」而下跌，但公司战略已转向专注于垂直模型训练及应用场景开发。瑞银认为，美图的策略将通过产品设计和用户体验的深度理解，将基础模型的快速迭代转化为先进产品功能，预计将扩大图形设计市场规模。" type: "news" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/255536398.md" published_at: "2025-09-02T02:49:14.000Z" --- # 《大行》瑞银对美图维持正面态度 目标价 14.1 元吁「买入」 > 瑞银对美图维持正面态度，目标价 14.1 元，评级为「买入」。报告指出，尽管美图股价因 Google 推出的图像编辑模型「Nano Banana」而下跌，但公司战略已转向专注于垂直模型训练及应用场景开发。瑞银认为，美图的策略将通过产品设计和用户体验的深度理解，将基础模型的快速迭代转化为先进产品功能，预计将扩大图形设计市场规模。 瑞银研究报告指，Google 日前推出图像编辑与生成模型「Nano Banana」，而美图公司 (01357.HK) 股价昨日 (9 月 1 日) 下挫，该行认为波动主要反映投资者见到该模型获得市场积极反馈後，对 AI 技术可能带来的行业颠覆产生忧虑。 报告指，美图早前强调其战略已转向专注於垂直模型训练及应用场景开发。该行认为，公司的策略是希望通过发挥其产品设计、用户体验及对垂直领域工作流程的深度理解，将基础模型的快速迭代，直接转化为用户所需的先进产品功能。同时，预计模型能力持续进化将扩大图形设计市场的整体规模。该行对公司维持正面态度，将持续关注其应用程式收入和每月活跃用户，现予目标价 14.1 元，评级「买入」。 ### Related Stocks - [01357.HK - 美图公司](https://longbridge.com/zh-CN/quote/01357.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | BlackRock's long position in Li Ning increases to 5.33% on Feb 12, HKEX filing shows | BlackRock's long position in Li Ning increases to 5.33% on Feb 12, HKEX filing shows | [Link](https://longbridge.com/zh-CN/news/276432220.md) | | Trump administration rule could pause work permits for asylum applicants for 'many years' | The Trump administration has proposed a rule that could pause work permits for asylum applicants for many years, aiming | [Link](https://longbridge.com/zh-CN/news/276459433.md) | | Trump says US will give UN money to make it stronger, more viable | President Trump announced that the U.S. will provide financial support to the United Nations to enhance its strength and | [Link](https://longbridge.com/zh-CN/news/276353524.md) | | ZAWYA-PRESSR: IsDBI announces free access to all eBooks during Ramadan and Eid al‑Fitr | The Islamic Development Bank Institute (IsDBI) is offering free access to all its e-books from February 18 to April 3, 2 | [Link](https://longbridge.com/zh-CN/news/276108872.md) | | 11:00 ETInventHelp Inventor Develops New Pacifier Accessory for Babies (SDK-171) | InventHelp has announced the development of a new pacifier accessory designed by an experienced father from University P | [Link](https://longbridge.com/zh-CN/news/276462249.md) | --- > **免责声明**：本文内容仅供参考，不构成任何投资建议。