Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research Raises BIDU-SW (09888.HK) TP to $100.4, Keeps Rating at Hold
Recommend 2 Positive 9 Negative 2 |
||||
|
||||
|
The overall advertising outlook remained challenging, as AI monetization requires time to improve, dragging down BIDU-SW (09888.HK)(BIDU.US)'s profit margins, HSBC Global Research issued a research report saying. The broker kept rating at Hold, and raised its SOTP-based target prices for BIDU-SW's US stock/ H-shares from US$76/ $74.1 to US$103/ $100.4 on updated valuation calculations. BIDU-SW will announce its 3Q25 results in mid-November. Due to an expected 22% YoY decrease in core advertising revenue, BIDU-SW's core revenue is anticipated to drop by 9% YoY. However, cloud revenue will still grow by 20% YoY. The broker projected BIDU-SW's core adjusted operating profit to slip YoY to RMB2 billion, with an adjusted operating profit margin of 8.8%. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
