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CMBI Sets Baidu (BIDU.US) TP at USD148.4, Envisions Cloud Biz to Make More Progress
2025-11-17 10:33:46
CMBI wrote in its research report that it was invited to attend BIDU-SW (09888.HK)'s Baidu World 2025 last Thursday.

In the broker's opinion, BIDU-SW's core advertising business and cash on hand are key factors supporting its valuation. Clearer visibility in cloud business operational metrics, advancements in autonomous taxis and AI-related new businesses, and optimized use of cash on hand to enhance shareholder returns are expected to drive the company's revaluation.

Based on the SOTP valuation model, CMBI gave Baidu (BIDU.US) a target price of USD148.4 while keeping the Buy rating unchanged.
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