Baidu.com (BIDU) PT Trimmed To $221 At Credit Suisse

Credit Suisse analyst, Thomas Chong, reiterated his Outperform rating on shares of Baidu (NASDAQ: BIDU) and cut his price target to $221.00 (from $226.00) expecting 16% y/y revenue growth, in line with management's guidance.

The analyst is focused on the strengthening ecosystem to be a key focus for 3 areas:

1) short video format and Baidu mobile app

2) enhancing user experience

3) twin-growth engine with search plus feeds, leveraging its AI technology for accurate customer profiling and personalization

For an analyst ratings summary and ratings history on Baidu click here. For more ratings news on Baidu click here.

Shares of Baidu closed at $179.50 yesterday.

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