2025 Outlook_ Optimism With A Side Of Uncertainty
Similarweb·2024-12-19 16:37
更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 December 16, 2024 06:18 AM GMT We forecast hardware growth accelerating in '25, and are more bullish on enterprise vs. consumer end markets. Yet HW (exAAPL) valuation at all-time high of 19 P/E for 4-7% rev/EPS growth in 2025 is already pricing in acceleration. Remain In-Line with AAPL still Top Pick entering 2025. Exhibit 1: Our 3Q24 CIO Survey shows that CIOs expect spending on PCs, Servers and Storage to accelerate in 2025. Source: AlphaWise (n=59), Morgan Stanley Research. * ...