《大行》里昂降百度(BIDU.US)目標價至105美元 AI搜尋加快轉型令廣告收入受壓
里昂發表研究報告指,由於百度-SW(09888.HK)(BIDU.US)AI搜尋加快轉型,令廣告收入受壓,預計公司次季表現較弱,當中核心收入及經調整EBIT預計按年分別降5%和42%,分別達到254億和40億元人民幣。
該行預計,百度的雲業務將因強勁的AI需求而保持26%的穩定按年增長,但相信並不足以抵銷廣告收入的下降。隨著轉型接近完成,壓力或在今年第四季起減輕。該行對百度今明兩年的經調整淨利潤預測下調17%和15%,美股目標價由114美元下調至105美元,維持「跑贏大市」評級。
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