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《大行報告》高盛下調百度(09888.HK)目標價至180元 評級「買入」
高盛發表報告,預計百度(09888.HK)第三季廣告收入按年下跌5%,認為7月到9月會出現月度復甦,但預計第四季後會持續地改善,因為去年基數較低和電商廣告預算貢獻。人工智能雲業務收入料按年增長23%,與第二季相比增長放緩,原因是企業雲的需求仍在增長但較弱。至於美國對芯片的出口管制,該行料對百度的雲計算和自動駕駛業務的短期影響有限。 該行對百度目標價由202元降至至180元,維持評級「買入」。同時將今年至後年的收入下調3至6%,以反映網絡營銷收入的恢復速度放緩,及人工智能雲業務的需求減弱;淨利潤預測亦相應下調3至5%。
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