开普云跌17.17% 上周五某券商给予增持评级

Core Viewpoint - The report from Guotai Junan Securities on Kaipu Cloud (688228.SH) indicates a significant drop in stock price by 17.17% and provides a bullish outlook with an "overweight" rating, highlighting the company's potential in AI storage and the impact of the acquisition of Jintai Technology on future growth [1] Group 1: Company Performance - Kaipu Cloud's stock closed at 192 yuan, reflecting a decline of 17.17% [1] - The report projects revenue for Kaipu Cloud's traditional business to reach 719 million yuan, 953 million yuan, and 1.191 billion yuan for the years 2025, 2026, and 2027 respectively [1] Group 2: Acquisition Impact - The acquisition of Jintai Technology is expected to significantly enhance Kaipu Cloud's growth trajectory in AI storage, with projected revenues of 3.84 billion yuan, 7.2 billion yuan, and 10 billion yuan for the years 2025, 2026, and 2027 respectively [1] - The report assigns a price-to-earnings (PE) ratio of 175 times for Kaipu Cloud's traditional business and 80 times for Jintai's storage business, leading to a reasonable valuation of 20.223 billion yuan [1] Group 3: Target Price - Based on the analysis, the target price for Kaipu Cloud is set at 299.52 yuan, considering the dilution effect of the total share capital before the issuance [1]