花旗下调百度美股目标价6.2% AI云基础设施收入放缓削弱业绩

智通财经
Aug 19
【花旗下调百度美股目标价6.2% AI云基础设施收入放缓削弱业绩】百度营收连续第五个季度下滑,隔夜ADR大跌近13%。花旗表示,公司二季度业绩略低于预期,尽管GPU营收加速增长,但因AI云基础设施增长缺乏持续性而抵消。花旗分析师Alicia Yap等人在报告中表示,ADR股价下跌反应了AI云基础设施收入增速放缓、净利润未达预期、拟议中的昆仑芯分拆上市时间表缺乏明确的能见度。鉴于业绩预测调整及下调云业务估值倍数,将百度ADR目标价由177美元下调至166美元。鉴于估值处于低位以及双重主要上市转换带来的催化剂,维持该股“买入”评级。花旗表示,预计第三季度公百度通用业务收入将同比下降1.5%;AI驱动的收入将同比增长29%;AI云基础设施收入将同比增长65%至69.4亿元人民币。

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