You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
大行評級|瑞銀:上調百度目標價至120港元 預計首季雲業務收入保持強勁增長
格隆匯 04-15 14:47

瑞銀髮表報吿指,預計百度2025年第一季度業績將符合市場預期,核心收入按年基本持平。對於雲業務,瑞銀對模型即服務(MaaS)需求的增長感到鼓舞(包括文心大模型及第三方模型如DeepSeek),這也推動其傳統雲基礎設施業務的交叉銷售。這將支撐雲業務收入在2025年首季保持20%以上的強勁按年增長(相較於2024年的16%增長),且這一勢頭有望全年持續。

瑞銀認為,隨着百度逐步推進搜索業務的AI貨幣化,核心廣吿收入有進一步復甦的潛力;百度在無人駕駛出租車(Apollo Go)方面也取得進展。該行將百度首季及今年全年核心雲收入增長預測略為上調至22%及18.6%,並預計首季核心非通用會計準則營運利潤率將達到17.9%。該行將其目標價由119港元上調至120港元,美股目標價由115美元升至123美元。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account