《大行報告》招銀國際微升百度(BIDU.US)目標價至195.7美元 AI相關收入步入正軌
招銀國際發表研報指,百度(09888.HK)(BIDU.US)與人工智能(AI)相關新業務收入增長步入正軌,預測去年第四季營業收入增長將符合市場預期,而在成本控制下,經營利潤增長可能較預期理想,預測全年非通用會計準則下經營利潤率可提升至24.1%,對比去年度預測為23.9%。
該行認為,AI相關廣告及AI雲端去年收入按現向好,預期今年將持續推動營收進一步增長,將百度(BIDU.US)目標價由195.6美元微升至195.7美元,對應2024年非通用會計準則預測市盈率約17.9倍,維持「買入」評級。
招銀國際預測百度今年核心廣告收入將按年增長7.3%,當中AI相關業務貢獻約2%增長;而百度雲今年收入增長料達到12%,較去年第四季預測收入增幅約10%加快。
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