百度集团-SW维持跑赢行业评级,目标价96港元

中金公司
Aug 22, 2025

一、中金维持百度集团跑赢行业评级中金公司 发布研报,维持百度集团-SW(09888)“跑赢行业”评级,并维持其美股和港股目标价分别为99.1美元和96港元。这一估值基于SOTP(Sum of the Parts)估值法,广告分布估值的降低与对外投资价值的提升形成一定抵消。目标价对应2025年和2026年的非通用准则市盈率分别为11倍和10倍,较当前股价有11%和10%的上行空间。二、AI改造搜索...

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