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<Research>Citi Expects Baidu (BIDU.US) 1Q Results to Be in Line/ Slightly Beat
Recommend 3 Positive 11 Negative 9 |
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Citi Research issued a research report expecting Baidu (BIDU.US) to report 1Q25 results in mid- to late-May. The broker's forecasts remain unchanged, and it forecasted 1Q25 results to be in line with or slightly better than the expectations of Citi Research/ the market. Entering 2Q/ 2H25, Citi Research believed that the focus will be on the macro environment and advertisers budget sentiment, AI cloud development and whether tariff uncertainty will impact the pace of cloud customer adoption, as well as the latest search transformation and AI monetization. The broker kept rating at Buy on Baidu, with a target price of US$139, due to its attractive valuation, continued AI investment, potential upside from AI search transformation, further application of cloud revenues and gradual increase in robotaxi penetration. AAStocks Financial News |
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