百度集团:中金维持评级及 96 港元目标价

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【中金维持百度集团“跑赢行业”评级及目标价 96 港元】中金公司发报告称,百度全场景重构,推动 AI 应用平民化及商业化,同时基于多模态、强推理、低成本建构普惠技术,全面推 MCP 服务,构建标准化生态工具。 该行维持此评级,称仍有 10%的上行空间,对应 2025 - 2026 年分别 25 及 26 倍的经调整市盈率。但存在新业务拓展、降本增效不及预期及监管等风险。

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