-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。新たに設定した2028年度（6月期）のEPS予想7.79ドルに基づき、目標株価を10ドル引き上げ62ドルとします。PERは8倍で、AVTの過去3年および5年の平均PERである9～10倍を下回っています。予想を上回る3月期決算と半導体流通サイクルの好転を受け、2026年度のEPS予想を4.82ドル（従来4.55ドル）、2027年度のEPS予想を6.57ドル（従来6.09ドル）に引き上げます。同社のPERが割安となっているのは、利益率の低いアジア市場へのシフト（現在売上高の49%）が構造的な収益性への逆風となっているためです。これに加え、業界内の競争激化と地政学的リスクも、当社の見通しを抑制しています。 AI需要やデジタル投資による追い風は認識しているものの、近年の高成長期と経営陣が予測するメモリ価格の大幅な上昇は持続不可能であり、2027年度から2028年度にかけてより正常な軌道に戻ると予想している。
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Gentrack Group Cuts Fiscal 2026 Revenue Guidance; Plans Buyback; Kiwi Shares Fall 22%
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Research Alert: CFRA Retains Buy Rating On Shares Of Vertex Pharmaceuticals Incorporated
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:After Q1 results, we lower our target price to $535 from $579, 24.4x our 2027 EPS, a discount to VRTX's 10-year historical forward P/E average. We maintain our 2026 EPS view of $19.40 and our 2027 EPS estimate at $21.92. VRTX's Q1 2026 was marked by robust revenue growth, successful commercial execution of new products, and significant progress in its clinical pipeline, particularly in the renal space. The company's CF franchise remains the primary revenue driver, while new products like Casgevy and Gernavics are beginning to contribute meaningfully to growth, accounting for approximately 25% of the total product revenue growth in Q1. Pipeline advancement remains robust, in our view, with the completion of the rolling BLA submission for povetacicept in IgA nephropathy representing a significant regulatory milestone. Using a Priority Review Voucher, VRTX expects an expedited six-month FDA review timeline, which is encouraging.
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