Top executive behind Baidu's artificial intelligence drive stepping down

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Market Overreacting to Baidu (BIDU) CEO Change - Oppenheimer

May 21, 2018 9:25 AM EDT

Oppenheimer analyst Jason Helfstein reiterated an Outperform rating and $295 price target on Baidu (NASDAQ: BIDU), saying the market is overreacting the COO change.

Helfstein commented, "With Core Search being valued at 11x '19E EBITDA, we are reiterating our Outperform rating, and highlighting the... More