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<Research>G Sachs Reiterates Buy on BIDU-SW; AI Value Release Accelerated
Recommend 8 Positive 29 Negative 18 |
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Goldman Sachs has issued a research report predicting that the downtrend in BIDU-SW's (09888.HK) (BIDU.US) search business has already been fully absorbed by investors and reflected in earnings expectations. While 3Q25 is estimated to be most affected by advertising deleveraging, with core operating profit predicted to sink by 70% YoY, Goldman Sachs reiterated a Buy rating on BIDU-SW, considering factors such as the rapid growth of non-search businesses and the accelerated release of AI value. The company's target price was also lifted from HKD88 to HKD150. AAStocks Financial News |
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