China's tech giants may be reeling from the regulatory clampdowns imposed by the government, but they still have "a lot of value," according to veteran analyst Dan Ives.
"I think [for] China tech, there's a lot of value there when you look at Baidu , JD , Tencent and others.
Because of China's regulatory restrictions, more institutional investors in Asia are focusing on U.S. tech instead, Ives added.
It has a target price of $168 for Baidu — giving it around 56% potential upside from its Oct. 25 close — and $38 for JD.com, or around 50% upside.
HSBC has a 425 Hong Kong dollar ($54.34) price target on Tencent, giving it an upside of around 48%.
Dan Ives, Tencent, that's, CNBC's, Ives, Goldman Sachs, — CNBC's Arjun Kharpal
Baidu, JD, Wedbush Securities, HSBC, Hong Kong, Hong
China, Asia, British, Hong Kong