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<Research>BOCI Raises Baidu's TP to USD187, Foresees Rapid Value Release from AI Full-Stack Capabilities
Recommend 9 Positive 11 Negative 8 |
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BOCI has released a research report predicting that BIDU-SW (09888.HK)'s 4Q25 revenue will have declined by 6% YoY, in line with market expectations. Specifically, BIDU-SW's advertising revenue is expected to have narrowed its YoY decline to 16%, while non-advertising revenue will have sustained a YoY growth of 13%. In BOCI's estimate, BIDU-SW's core adjusted operating profit margin for the last quarter will have reached 10.3%, higher than the market's general expectation of 9.8%. Anticipating the potential spin-off of Kunlunxin for a listing in Hong Kong, the broker believes the value of BIDU-SW's AI full-stack technical capabilities will be released rapidly and will receive market recognition. BOCI has kept a Buy rating on Baidu (BIDU.US) and raised its target price to USD187. AAStocks Financial News |
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