-- 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VRSN的目標股價從199美元上調至222美元，基於2027年每股收益預期，市盈率為22倍，低於VRSN過去三年和五年的平均市盈率26倍至29倍，這反映了我們對結構性利潤率壓力和定價靈活性有限的預期。由於域名基數成長動能優於預期以及價格上漲，我們將2026年每股收益預期從9.48美元上調至9.62美元，並將2027年每股收益預期從9.91美元上調至10.10美元。我們預計，VRSN的域名基數將受益於人工智慧驅動的網站創建工具使線上業務更加普及，以及該公司註冊局壟斷地位的持續鞏固。然而，鑑於人工智慧引發的伺服器和記憶體組件價格上漲導致資本支出大幅增加，我們對該股票仍持謹慎態度。同時，ICANN的年度價格上限限制了該公司完全抵銷成本上漲的能力。這種結構性錯配，加上2026年下半年將迎來大量首次續約用戶，而這些用戶的續約率約為重複續約用戶的一半，因此我們維持對該股票的「賣出」評級。
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Research Alert: CFRA Keeps Buy Opinion On Shares Of The Hartford Insurance Group, Inc.
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