UPDATE: Baidu (BIDU) PT Raised to 'Street High' $450 at Susquehanna

February 22, 2021 6:19 AM EST
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Price: $214.14 -2.52%

Rating Summary:
    31 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 2 | New: 21
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(Updated - February 22, 2021 6:21 AM EST)

Susquehanna analyst Shyam Patel raised the price target on Baidu (NASDAQ: BIDU) to a 'Street High' $450.00 (from $180.00) while maintaining a Positive rating, saying an improving core and momentum with AI businesses keep them bullish.

Patel commented, "BIDU had another solid quarter and guide. Entering 2021, the company will face easy comps while the core business continues to improve and the AI businesses are experiencing very strong momentum. We remain bullish as we see the company as a leading player in China’s search market, a key player in the feeds market, owner of one of the top video assets in the country, and the clear market leader in AI applications."

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