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Macquarie Upgrades BIDU-SW (09888.HK) to Outperform, Elevates TP to $171
2025-10-13 14:46:47
BIDU-SW (09888.HK) is shifting towards more diversified revenue sources, with positive option value from AI cloud and robotaxis, according to Macquarie's research report.

Macquarie lowered its 2025/ 2026 adjusted net profit forecasts for BIDU-SW by 23%/ 8%, reflecting the deleveraging effect brought by the decline in the core search business.

The broker upgraded BIDU-SW from Neutral to Outperform, and elevated its target price from $96 to $171, as the chip design department might contribute one-third of BIDU-SW's valuation.
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AASTOCKS Financial News
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