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<Research>G Sachs Drops TPs for BIDU's H-shrs/ US Stock to $94/ US$96, Keeps Rating Buy
BIDU-SW (09888.HK)(BIDU.US) delivered solid 1Q25 results, with cloud business revenue growing by 42% YoY and profit margin improving QoQ to low teen level, according to a research ...
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<Research>G Sachs Drops TPs for BIDU's H-shrs/ US Stock to $94/ US$96, Keeps Rating Buy
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BIDU-SW (09888.HK)  +0.800 (+0.968%)    Short selling $882.54M; Ratio 44.779%   (BIDU.US)      delivered solid 1Q25 results, with cloud business revenue growing by 42% YoY and profit margin improving QoQ to low teen level, according to a research report released by Goldman Sachs. It is expected that BIDU-SW's cloud business will maintain at least around 25% growth in 2Q25, outperforming its peers.

Goldman Sachs lowered BIDU-SW's 2025-2027 EPADS by 4-6% due to profit margin pressure given a shift in revenue mix, AI investment and weaker advertising revenue, although these are partially offset by a better outlook for cloud business revenue.

Related NewsRatings/ TPs on BIDU-SW (09888.HK) (Table)
Therefore, the broker dropped its target prices for BIDU-SW's H-shares/ US stock to $94/ US$96 each, with rating kept at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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