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FINWIRES

研究快讯:CFRA维持对博德瑞金融解决方案公司股票的买入评级。

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-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下:我们给出的12个月目标价为185美元(下调60美元),相当于我们2027财年(截至6月)每股收益预期值的18.1倍,而BR过去三年的平均预期市盈率为24.9倍,同业平均市盈率为16.2倍。我们的目标市盈率介于历史平均水平和同业平均水平之间,因为我们权衡了该公司稳固的业务基础与因成交量预期下调而导致的未来收入转化率不确定性增加之间的关系。我们维持对BR公司2026财年每股收益9.55美元和2027财年每股收益10.24美元的预期。我们认为BR公司拥有强劲的运营基本面,经常性收入占比超过90%,市场地位稳固,但短期内面临销售周期延长(已完成销售预期下调13%-17%)以及2.44亿美元数字资产收益带来的显著盈利波动等不利因素,这些波动掩盖了公司的实际业绩。公司在代币化、人工智能和数字化领域的战略投资使其具备长期增长的良好基础,但复杂平台交易的执行风险以及营运资本管理(应收账款增加2.54亿美元)仍需密切关注。

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