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<Research>CMBI Sets Baidu (BIDU.US) TP at USD148.4, Envisions Cloud Biz to Make More Progress
Recommend
10
Positive
18
Negative
7
CMBI wrote in its research report that it was invited to attend BIDU-SW (09888.HK)'s Baidu World 2025 last Thursday.

In the broker's opinion, BIDU-SW's core advertising business and cash on hand are key factors supporting its valuation. Clearer visibility in cloud business operational metrics, advancements in autonomous taxis and AI-related new businesses, and optimized use of cash on hand to enhance shareholder returns are expected to drive the company's revaluation.

Related NewsBIDU-SW 3Q Non-GAAP NP Sinks 36% YoY to RMB3.77B, Beating Forecast; Baidu (BIDU.US) Rallies 2% Pre-Mkt
Based on the SOTP valuation model, CMBI gave Baidu (BIDU.US) a target price of USD148.4 while keeping the Buy rating unchanged.
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