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<Research>Nomura Expects Baidu (BIDU.US) 4Q24 Core Rev. to Fall 2% YoY, Non-GAAP Operating Profit to Drop 28%
Recommend 8 Positive 12 Negative 3 |
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Baidu (BIDU.US)'s 4Q24 revenue may beat market consensus, but earnings may miss expectations, Nomura issued a research report saying. The broker forecasted the Group's core revenue to fall 2% YoY, while advertising revenue will drop 8%. Therefore, the broker rated Baidu at Buy, with a target price of US$104. Moreover, Nomura estimated that Baidu's 4Q24 core non-GAAP operating profit may decrease by 28% YoY to RMB4.5 billion, 17% below market consensus. AAStocks Financial News |
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