Lates News

CICC released a research report stating that it maintains revenue and non-GAAP net profit forecasts for Baidu Group-SW (09888) for 2025 and 2026. It maintains an outperform industry rating and a target price of $99 for US stocks and HK$96 based on the SOTP valuation method, corresponding to a non-GAAP P/E ratio of 11 times/10 times for 2025/2026 for both US and HK stocks. On April 25th, the bank was invited to attend the Create2025 Baidu AI Developer Conference where management announced the latest developments of the WENXIN large model and newly released AI tools for developers.