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<Research>Nomura Chops Baidu (BIDU.US) TP to US$186, Reiterates Buy Rating
Recommend 5 Positive 11 Negative 5 |
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BIDU-SW (09888.HK)'s 4Q25 results reflect strong growth momentum in its chip subsidiary, Kunlunxin, which aims to complete its IPO by the end of this year, Nomura published a research report saying. The broker noted that, the market generally expects Kunlunxin to complete its IPO in 1H26 to meet the requirements for inclusion in the Southbound Trading of Stock Connects list in September. Nomura expected Kunlunxin's revenue to continue growing steadily, reaching RMB7.6 billion this year. Therefore, Nomura kept rating at Buy on Baidu (BIDU.US), but chopped its target price from US$196 to US$186. AASTOCKS Financial News Website: www.aastocks.com |
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