Core Viewpoint - Goldman Sachs reports that Baidu's Q3 performance largely meets expectations, with robust growth in cloud business and a focus on AI-related business performance [1] Group 1: Financial Performance - Baidu's Q3 AI new business revenue grew over 50% year-on-year, reaching approximately 10 billion yuan, which accounts for about 40% of total revenue [1] - The firm expects the net profit margin to rebound from the Q3 level [1] Group 2: AI Business Insights - Baidu's AI-related business encompasses cloud infrastructure, chips, AI applications and agents, as well as autonomous driving, reflecting the company's cross-ecosystem AI capabilities [1] Group 3: Analyst Ratings and Price Targets - Goldman Sachs maintains a "Buy" rating for Baidu, raising the target price for H-shares from 150 HKD to 151 HKD and for US shares from 154 USD to 155 USD [1]
大行评级丨高盛：微升百度H股目标价至151港元 维持“买入”评级
Ge Long Hui·2025-11-19 05:26