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《大行報告》高盛下調百度-SW(09888.HK)目標價至179元 評級「買入」
高盛發表報告指,百度-SW(09888.HK)首季收入及利潤超出預期,每股ADS純利較該行及市場預測分別高出26%及24%,人工智能雲端業務實現盈利帶來驚喜。 該行表示,雖然文心一言大型語言模型商業化時間將取決於監管機構的批準,但百度已制定相關框架;另外預期廣告業務次季有望加快增長,整體利潤率亦預期會持續改善。 高盛將2023至2025年各年收入預測下調0.2%、0.4%及0.4%,純利預測上調6.1%、4.3%及3.2%,預期百度今明兩年核心經營利潤將增長約15%,收入料增長13%,風險回報持續良好,維持H股「買入」評級,目標價則從182元降至179元。
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