A report discussing the online video industry consolidation and its impact on video stocks, along with Baidu's valuation and risks. The target price for Baidu is set at US$239 based on specific financial metrics. Key risks include execution risk in mobile monetization, decline in traffic growth, slowdown in online advertising market growth, and larger-than-expected investment in mobile and new initiatives.
documents/vol00010-efta01457517-pdf.pdf
{"title":"Baidu Software & Services Report","document_date":"2015-05-18","document_type":"other","key_organizations":["Baidu","Deutsche Bank AG"]}