---
title: "Rating Quick Look | NVIDIA, Meta Platforms, Amazon, Apple! Target prices have all been significantly raised!"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/107437817.md"
description: "According to Daiwa, there is a 70% to 80% chance that PDD's stock price will outperform the market within the next 30 days. This is mainly due to concerns about the potential impact of tariff policies on Temu, which have already been reflected in the stock price performance. Considering that its business growth trend remains unchanged, the recent decline in stock price is seen as a good opportunity for investors to enter the market."
datetime: "2024-02-05T09:41:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/107437817.md)
  - [en](https://longbridge.com/en/news/107437817.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/107437817.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/107437817.md) | [English](https://longbridge.com/en/news/107437817.md)


# Rating Quick Look | NVIDIA, Meta Platforms, Amazon, Apple! Target prices have all been significantly raised!

Bank of America: Maintains "Buy" rating on NVIDIA, raises target price from $700 to $800

NVIDIA will announce its quarterly results after the market closes on the 21st of this month. The bank expects its performance and guidance to be 3% to 5% higher than the market's general expectations. Despite a potential slowdown in growth compared to previous quarters, the foundation laid by the group will drive sustained growth in the coming year or beyond.

The bank is also paying attention to the flagship GPU to be released from March 18th to 20th, which will showcase the future product line and may drive an increase in estimates. The bank believes that the widespread adoption of generative AI by enterprises has yet to fully materialize, but it is expected to become more substantial by 2025. NVIDIA has extensive capabilities in the public cloud and has partnerships with large enterprises, which is expected to benefit the company at that time.

Bank of America: Raises Meta Platforms' target price from $425 to $510, reiterates "Buy" rating

Bank of America Securities believes that Meta Platforms' performance is surprising, with first-quarter revenue guidance ranging from $34.5 billion to $37 billion, higher than the market's forecast of $33.4 billion. The bank believes that Reels, messaging, and AI-driven advertising improvements are still in the early stages and may further increase in 2024.

In addition, based on the large capital expenditure budget, internal AI supercomputers, internal open-source language models (LLM), and customized AI chips, the bank believes that Meta Platforms' AI assets are undervalued in the stock price. The bank has raised its 2025 GAAP earnings forecast from $20.43 to $24.06 per share.

Goldman Sachs: Reiterates "Buy" rating on Amazon, raises target price from $200 to $220

Amazon's last quarter's performance exceeded expectations, driven by the steady revenue trend and rising profit margins of its North American e-commerce business, as well as AWS revenue growth. The bank expects investors to continue to focus on the pace of AWS revenue growth and any macro or competitive changes in the retail business, but believes that both aspects will achieve satisfactory results as we enter this year.

The bank reiterates that Amazon's combination of steady revenue and expanding profit margins puts the company in a favorable position for future performance. The e-commerce profit margin continues to expand along the trajectory created in recent years, and the company continues to benefit from the profitability of e-commerce.

The bank believes that the company is in a leading position in e-commerce, digital advertising, media consumption, cloud computing, and other areas.

Goldman Sachs: Maintains "Buy" rating on Apple, remains on conviction list, raises target price from $223 to $232

The bank's report states that Apple's first-quarter earnings per share, revenue, and gross margin all exceeded expectations, with the iPhone performing better than expected. Firstly, although iPhone revenue in mainland China declined by a mid-single-digit percentage year-on-year due to market competition, overall upgrade demand still drove growth. Next, the revenue from non-iPhone products met expectations, but it is estimated that the new iPad and Mac will not be launched until the end of the quarter ending in June, so the guidance for the second quarter is lower than expected. As for the progress of investment in generative AI, it will be announced later this year.

### Morgan Stanley: Expects Pinduoduo's stock price to outperform the market in the next 30 days, with a target price of $181

The bank expects that there is a 70% to 80% chance that Pinduoduo's stock price will outperform the market within 30 days.

Morgan Stanley pointed out that Pinduoduo's domestic market share continued to expand in the fourth quarter of last year, and the overseas business Temu also maintained strong growth momentum, with a potential GMV of about $9 billion.

The bank estimates that concerns about the potential impact of tariff policies on Temu have been reflected in the stock price performance. Considering the unchanged trend of its business growth, it believes that the recent decline in stock price provides a good entry opportunity for investors.

### CICC: Maintains Tencent's "outperform" rating with a target price of HKD 475

In the current profit forecast, the growth rate of the gaming business in 2024 is assumed to be 5%. With the blessing of Dungeon Fighter Online (DNF), there is confidence in the growth of the gaming business. Considering that the uncertainty of the gaming business in the previous period is the main reason for dragging down the company's valuation, it is believed that the approval of DNF will effectively alleviate market concerns.

The report stated that the online game "Dungeon Fighter Online: Origin" (DNF) issued by the company has obtained the import game version number. Although details such as the launch time, revenue sharing, and specific performance are yet to be determined, it is expected that the project will still lay a strong foundation for the growth of the company's gaming business.

DNF's domestic mobile game has the potential to generate billions of dollars in revenue in the long term. Due to the high completion of the game, it is expected that the subsequent launch progress will be relatively fast. However, considering the uncertainty of the specific timing and based on the consistent style, the early stage is expected to focus on ecological construction and gradually develop commercialization. Therefore, profit forecasts are not adjusted at this stage.

### Goldman Sachs: Gives a "buy" rating to NetEase-S, with a target price raised to HKD 210

The report stated that the company's stock price has outperformed the Chinese internet index since the beginning of the year, which is believed to be due to the easing of market concerns about online game regulation and the stable performance of its game "Egg Party" under competition. Looking ahead to 2024, double-digit steady revenue growth is still expected, mainly driven by new game product launches, and channel optimization will also boost profit margins.

The bank expects that NetEase's revenue in the fourth quarter of last year had stable growth, with game revenue estimated to grow by 15%, and profitability also improved. The bank estimates its net profit for the last quarter to be RMB 8.1 billion, which is higher than the market's general forecast, and raises its non-GAAP net profit forecasts for 2023 to 2025 by 1.3% to 2.1% to reflect the recent streamlining of the company's structure.

### 相關股票

- [NVIDIA (NVDA.US)](https://longbridge.com/zh-HK/quote/NVDA.US.md)
- [Meta Platforms (META.US)](https://longbridge.com/zh-HK/quote/META.US.md)
- [Amazon (AMZN.US)](https://longbridge.com/zh-HK/quote/AMZN.US.md)
- [Apple (AAPL.US)](https://longbridge.com/zh-HK/quote/AAPL.US.md)
- [PDD (PDD.US)](https://longbridge.com/zh-HK/quote/PDD.US.md)
- [TENCENT (00700.HK)](https://longbridge.com/zh-HK/quote/00700.HK.md)
- [NTES-S (09999.HK)](https://longbridge.com/zh-HK/quote/09999.HK.md)
- [NetEase (NTES.US)](https://longbridge.com/zh-HK/quote/NTES.US.md)

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