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<Research>Jefferies Expects BIDU-SW (09888.HK) 2Q Cloud Biz Rev. to Grow by 25%, Chops TP to $107
Recommend 13 Positive 15 Negative 6 |
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Jefferies released a research report predicting that BIDU-SW (09888.HK)(BIDU.US)'s 2Q25 core revenue will decline by approx. 3% YoY to around RMB26 billion. Core online marketing revenue is expected to drop by 16% YoY, while cloud revenue is projected to grow by 25% driven by AI demand. Core non-GAAP operating profit is expected to reach RMB4 billion, below the market consensus of RMB4.9 billion. Regarding BIDU-SW's collaboration agreement with UBER (UBER.US), Jefferies believed that the partnership confirms BIDU-SW's leading position in autonomous driving technology, and kept rating at Buy. The broker chopped its target prices for BIDU-SW's US stock/ H-shares from US$120/ $116 to US$110/ $107. AASTOCKS Financial News Website: www.aastocks.com |
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