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<Research>BofAS Cuts Baidu (BIDU.US) 2Q Core Rev. Forecast, Keeps Rating at Buy
Recommend 9 Positive 14 Negative 15 |
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BofA Securities issued a research report lowering its 2Q25 core revenue forecast for BIDU-SW (09888.HK)(BIDU.US), and estimating adjusted operating profit to be RMB4 billion. Due to expected stable customer demand in the cloud business, the broker maintained its 2Q25 cloud revenue forecast. Due to the expected reduction in high-margin advertising revenue, BofA Securities reduced its 2025 adjusted net profit forecast for BIDU-SW by 14%, and largely maintained its 2026-2027 profit outlook. The broker kept its target price for Baidu (BIDU.US) at USD100, with rating at Buy. Moreover, BofA Securities projected BIDU-SW's share price to react to news and events related to robotaxi and AI. AASTOCKS Financial News Website: www.aastocks.com |
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