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<Research>Jefferies Elevates BIDU-SW (09888.HK) TP to $152, Reflecting Recent AI Developments
Recommend 22 Positive 40 Negative 11 |
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BIDU-SW (09888.HK)(BIDU.US) recently attracted market attention due to its AI developments, including signings multiple large customers on AI cooperation, being recognized as a key enterprise in AI cloud revenue market share and large client penetration, as well as the development of Kunlun chips, according to Jefferies' research report. Its AI agents and digital human businesses are rapidly growing, while its autonomous driving platform Apollo Go is expanding overseas. Jefferies believed that BIDU-SW's share price already reflects BIDU-SW's emphasis on user experience in AI search transformation. Therefore, the broker kept rating at Buy, and elevated its target prices for BIDU-SW's US stock/ H-shares from US$108/ $104 to US$157/ $152. AASTOCKS Financial News Website: www.aastocks.com |
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