Morgan Stanley has lowered its core revenue forecast for Baidu (BIDU.US) by 1% to 9% for 2026 to 2028 and revised down its non-GAAP operating profit forecast by 6% to 31%, reflecting weaker revenues and increased investment in artificial intelligence. The target price for Baidu's US shares has been significantly cut by 38.5% from $130 to $80, equivalent to 10 times the projected 2027 P/E ratio. The rating has been downgraded from "Equal-weight" to "Underweight."

Morgan Stanley has lowered its core revenue forecast for Baidu (BIDU.US) by 1% to 9% for 2026 to 2028 and revised down its non-GAAP operating profit forecast by 6% to 31%, reflecting weaker revenues and increased investment in artificial intelligence. The target price for Baidu's US shares has been significantly cut by 38.5% from $130 to $80, equivalent to 10 times the projected 2027 P/E ratio. The rating has been downgraded from "Equal-weight" to "Underweight."

智通财经2026/08/19 05:11

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Morgan Stanley has lowered its core revenue forecasts for Baidu (BIDU.US) from 2026 to 2028 by 1% to 9%, and has cut its non-GAAP operating profit projections by 6% to 31%, reflecting weaker revenues and increased AI investments. The target price for Baidu's US shares has been sharply reduced from $130 to $80, a 38.5% decrease, which corresponds to a projected 2027 P/E ratio of 10 times. The rating has been downgraded from "Equal-weight" to "Underweight".

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