Report
Marie Sun
EUR 101.80 For Business Accounts Only

Baidu Create 2017: All-In AI; Maintaining FVE at $194

Baidu hosted its first Baidu Create AI Developer conference in Beijing on July 5, and the company delivered a clear message that Baidu is all-in on AI. We maintain our fair value estimate of $194 per ADR for wide-moat Baidu, as we already embed an assumption of monetization via AI-technology-based products/services in our stage 2 modeling (2022-27). Overall, we think Baidu’s progress in AI is in line with our expectations.
"Open" was the keyword of the conference. Baidu has been opening up its t...
Underlying
Baidu Inc Sponsored ADR Class A

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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We have operations in 27 countries.

Analysts
Marie Sun

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