Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Lifts Baidu (BIDU.US) TP to US$188, Keeps Buy Rating
Recommend 2 Positive 3 Negative 0 |
||||
|
||||
|
Despite BIDU-SW (09888.HK)'s in-line revenue for 4Q25 and earnings beat, its share price in the US market still fell by over 6%, Citi Research issued a research report saying. This may be due to the absence of the declaration of a first dividend, even though management reiterated expectations to distribute dividends by the end of the year. AI cloud infrastructure revenue achieved solid QoQ growth, yet the market remains concerned that revenue growth may have slowed after excluding Kunlunxin. Revenue driven by AI was well disclosed, but offset by a lack of disclosure on the traditional search business. After valuation adjustments, Citi Research lifted its target price for Baidu (BIDU.US)'s US stock from US$186 to US$188. Based on reasonable valuation, potential premium from the spin-off of Kunlunxin and momentum in overseas expansion of the robotaxi business, the broker kept rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
