-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們將目標價上調10美元至62美元，基於我們新近設定的2028財年（截至6月）每股收益預期為7.79美元，市盈率為8倍，低於AVT過去三年和五年的平均市盈率9-10倍。鑑於AVT公佈的3月季度業績強於預期，且半導體分銷週期出現積極轉機，我們將2026財年的每股收益預期從4.55美元上調至4.82美元，並將2027財年的每股收益預期從6.09美元上調至6.57美元。我們認為，公司持續向低利潤率的亞洲市場（目前佔銷售額的49%）轉型，對獲利能力構成結構性阻力，因此我們給予的本益比折讓較為合理。此外，持續的產業競爭和地緣政治風險也令我們對公司前景持謹慎態度。雖然我們認識到人工智慧需求和數位投資帶來的利好因素，但我們認為近期的高增長期以及管理層對內存價格持續大幅增長的預期是不可持續的，我們預計在 2027 財年至 2028 財年將回歸更加正常的增長軌跡。
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