---
title: "Rating Quick Look | XPeng-W, Bilibili, Eastbuy Target Price Downgraded! Microsoft Receives Positive Outlook After Earnings"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/107208932.md"
description: "Goldman Sachs believes that Microsoft's artificial intelligence services can provide strong growth, and expects that the server infrastructure will eventually translate into over $100 billion in Azure revenue. With the ongoing strengthening of the GenAI cycle, the bank is confident that Azure's business will grow to $200 billion by the fiscal year 2029."
datetime: "2024-02-01T09:44:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/107208932.md)
  - [en](https://longbridge.com/en/news/107208932.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/107208932.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/107208932.md) | [English](https://longbridge.com/en/news/107208932.md)


# Rating Quick Look | XPeng-W, Bilibili, Eastbuy Target Price Downgraded! Microsoft Receives Positive Outlook After Earnings

Goldman Sachs: Reiterates "Buy" rating on Microsoft with a target price of $450

Microsoft's strong performance in the second quarter of the 2024 fiscal year includes a 28% growth in Azure, surpassing the bank's expectations of 27%; revenue growth of 18%, 1.4% higher than market expectations; and earnings per share of $2.93, 6% higher than expected.

The bank believes that the company's artificial intelligence (AI) services can provide strong growth. It believes that once enterprises allocate substantial IT budgets for generative AI, there will be a greater potential for growth, driving Microsoft's growth next year.

In addition, Microsoft's massive server infrastructure gives the company a unique competitive advantage, which is expected to translate into over $100 billion in Azure revenue over time. With the ongoing growth cycle of generative AI, the bank is confident that Azure's business will reach $200 billion in the 2029 fiscal year.

Wedbush: Raises Microsoft's target price from $450 to $475

Citi: Lowers XPENG-W's target price from HKD 39.6 to HKD 28.3, maintains "Sell" rating

The bank stated that due to lower-than-expected sales volume in the first fiscal quarter ending in March, lukewarm demand for the X9 model, and an unsustainable sales strategy starting from the next quarter, the group's sales forecast for this year and next year has been lowered to 195,000 and 255,000 vehicles, respectively. The average selling price forecast has also been lowered by 8% to 9%.

The bank also lowered the company's gross margin forecast for this year and next year to 6.5% and 9.2%, respectively, and raised the net loss forecast by 10% to 15% to RMB 10.96 billion and RMB 10.76 billion.

Industrial Bank International: Lowers Bilibili's target price from $17.2/ HKD 133.9 to $15.5/ HKD 120.8, maintains "Outperform" rating

The bank expects Bilibili's total revenue in the fourth quarter of the 2023 fiscal year to increase by 3% YoY to RMB 6.3 billion, in line with market expectations. The value-added services and advertising businesses performed well, surpassing the lackluster performance of the gaming business.

Benefiting from strong performance in the live streaming business, the value-added services are expected to grow by 18% to RMB 2.8 billion; and due to increased advertising demand during e-commerce promotions, the advertising business is expected to grow by 26% to RMB 1.9 billion. Due to the lack of popular games, the gaming business is expected to decline by 5% to RMB 1.1 billion YoY. The adjusted net loss is expected to be RMB 640 million, a 51% YoY reduction, in line with market expectations.

The bank mentioned that the upcoming games "Blazing Skies" and "Three Kingdoms: Strategy for the World" have obtained licenses, and it is expected that these two games will be released in the second or third quarter of the 2024 fiscal year, supporting the recovery of the company's gaming business.

Citi: Reiterates "Buy" rating on Dongfang Zhenxuan with a target price of HKD 36

The bank stated that the main reasons for this rating include the company's prominent brand image in the consumer market, which can attract audience attention; and the synergistic effect of collaborating with star anchor Dong Yuhui's account, attracting traffic to each other. Morgan Stanley: Believes that Sunny Optical's stock price will outperform the market within 60 days, maintaining a target price of HKD 85.

The bank believes that Sunny Optical's stock price will outperform the market within 60 days, with a probability ranging from 60% to 70%. The bank mentioned that Sunny Optical issued a profit warning earlier, expecting a year-on-year decrease of approximately 50% to 55% in annual net profit, and its stock price subsequently declined. It is believed that the weak fundamentals from last year have already been digested.

Morgan Stanley mentioned that considering macroeconomic factors such as the peak of interest rates and decreasing inflation, it is highly likely that there will be a cyclical recovery this year. It is believed that the potential profit growth of Sunny Optical this year could serve as a catalyst for reevaluation.

### 相關股票

- [Microsoft (MSFT.US)](https://longbridge.com/zh-HK/quote/MSFT.US.md)
- [XPeng (XPEV.US)](https://longbridge.com/zh-HK/quote/XPEV.US.md)
- [XPENG-W (09868.HK)](https://longbridge.com/zh-HK/quote/09868.HK.md)
- [BILIBILI-W (09626.HK)](https://longbridge.com/zh-HK/quote/09626.HK.md)
- [Bilibili (BILI.US)](https://longbridge.com/zh-HK/quote/BILI.US.md)
- [EAST BUY (01797.HK)](https://longbridge.com/zh-HK/quote/01797.HK.md)
- [SUNNY OPTICAL (02382.HK)](https://longbridge.com/zh-HK/quote/02382.HK.md)

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- [Microsoft is sitting on a 'treasure chest' that could help lift the stock 20%](https://longbridge.com/zh-HK/news/281393638.md)
- [Spinnaker Investment Group LLC Sells 9,263 Shares of Microsoft Corporation $MSFT](https://longbridge.com/zh-HK/news/281334447.md)
- [LIVE MARKETS-AI fears put Microsoft on track for worst quarter since 2008](https://longbridge.com/zh-HK/news/281048123.md)