Baidu's Robotaxi Sets Stage For Driverless Revolution With 54.6% Upside: Analyst
Portfolio Pulse from Surbhi Jain
Goldman Sachs analyst Lincoln Kong projects a 54.6% upside for Baidu (NASDAQ:BIDU) due to its Robotaxi initiative. Key factors include policy support, fleet expansion, and improved unit economics. Despite near-term advertising challenges, Baidu's cloud business is expected to grow in the second half of 2024.
July 16, 2024 | 5:19 pm
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Goldman Sachs projects a 54.6% upside for Baidu due to its Robotaxi initiative. Key factors include policy support, fleet expansion, and improved unit economics. Despite near-term advertising challenges, Baidu's cloud business is expected to grow in the second half of 2024.
The positive analyst rating and significant projected upside are likely to boost investor confidence in Baidu. The Robotaxi initiative's potential for long-term revenue growth and improved unit economics are key drivers. Near-term advertising challenges are noted but are expected to be offset by growth in the cloud business.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100