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<Research>Citi Cuts Baidu TP to US$138, Keeps Rating at Buy
BIDU-SW (09888.HK)(BIDU.US)'s 1Q25 cloud service revenue accelerated growth by 42% YoY to RMB6.7 billion, mainly benefiting from demand from project-based enterprise clients an...
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<Research>Citi Cuts Baidu TP to US$138, Keeps Rating at Buy
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BIDU-SW (09888.HK)  -3.150 (-3.715%)    Short selling $432.33M; Ratio 23.837%   (BIDU.US)      's 1Q25 cloud service revenue accelerated growth by 42% YoY to RMB6.7 billion, mainly benefiting from demand from project-based enterprise clients and subscription-based enterprise clients, Citi Research issued a research report saying.

After adjusting forecasts, Citi Research cut its target price from USD139 to USD138. Given the still attractive valuation, the broker kept rating at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-30 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsHaitong Int'l Reduces BIDU-SW's TP to USD111; Rating Kept Outperform

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