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UBS Trims BIDU-SW's TP to HKD165; AI Cloud Infra Acting as Key Growth Driver
2026-04-14 14:16:38
UBS has issued a research report expecting that BIDU-SW (09888.HK) will report 1Q26 results in line with market expectations. Revenue growth will be driven by increased contribution from AI-fueled businesses, which are expected to account for more than 50% of core revenue.

Thanks to industry-wide price hikes as a result of surging AI demand and tight computing power supply, BIDU-SW's AI cloud infrastructure revenue is likely to soar by more than 40% in 1Q26. The company's supply-side advantage in its self-developed chips (Kunlunxin) not only helps secure new customers but also prompts existing clients toward renewals.

UBS lowered its target price for BIDU-SW from HKD175 to HKD165, with a Buy rating.
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