Core Viewpoint - Morgan Stanley upgraded Baidu's investment rating from "Neutral" to "Overweight" due to expectations that its cloud and AI businesses will become major growth engines and value drivers [1] Group 1: Financial Projections - Morgan Stanley predicts that Baidu's cloud revenue growth will accelerate to approximately 61% by 2026, compared to an estimated 23% for this year, primarily driven by significant growth in Kunlun chip sales [1] - The estimated valuation of Baidu's cloud business is around $34 billion, indicating that the market may be underestimating its transformation potential [1] Group 2: Price Target Adjustments - Morgan Stanley raised Baidu's target price for Hong Kong stocks to HKD 185 and for U.S. stocks to USD 188 [1]
摩根大通：上调百度港股目标价至185港元
Zheng Quan Shi Bao Wang·2025-11-24 06:59