Find Out All About Mizuho's Top China Internet Sector Pick
Mizuho analyst James Lee recently hosted an investor call with Baidu, Inc (NASDAQ: BIDU) management.
Firstly, Lee noted that the reopening has been orderly, and advertising is recovering faster than Cloud.
Secondly, for adverting, post reopening, he expects rational competition with GDP+ growth and stable margins at 40%+ OPM. The interoperability framework could enable share gains over time.
Thirdly, for Cloud, Baidu is positioned as a market share gainer with significant opportunities from traditional industries. Its vertically integrated solution is a crucial differentiation.
Fourthly, for ADAS, OEMs represent the enormous opportunity near-term, and Baidu has significant leadership in testing miles, unit cost, and connected infrastructure to build its ten billion+ RMB pipeline.
Lee maintained a Buy on Baidu as a top China internet pick and a $285 price target.
Price Action: BIDU shares traded lower by 2.21% at $147.98 on the last check Thursday.
Latest Ratings for BIDU
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2022 | Susquehanna | Maintains | Positive | |
Mar 2022 | China Renaissance | Maintains | Buy | |
Jan 2022 | Mizuho | Maintains | Buy |
View More Analyst Ratings for BIDU
View the Latest Analyst Ratings
See more from Benzinga
Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.