From Financial Modeling Prep: 2025-04-14 22:46:00

Macquarie lowers Baidu’s price target to $83 amidst tough competition in search market. Analysts cautious on AI monetization timeline as core ad business shrinks. Q1 revenue expected to drop 6% to RMB 15.9 billion. AI Cloud segment sees 25% revenue growth to RMB 5.9 billion, offsetting ad decline.

Baidu’s autonomous driving initiative expands globally, targeting Dubai with plans to deploy 100 Robotaxis by 2025 and over 1,000 by 2028. Focus on Europe and Japan for revenue growth. Macquarie does not include Robotaxi development in valuation model due to limited revenue contribution and early stage.



Read more at Financial Modeling Prep:: Macquarie Cuts Price Target for Baidu