Macquarie Starts Baidu (BIDU) at Outperform

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Baidu (BIDU) primed to be an active AI contributor - Macquarie

January 11, 2024 11:07 AM EST

Macquarie Equity Research initiated coverage of Baidu (NASDAQ: BIDU) with an Outperform rating and a target price of US$150 per share in a note Thursday.

Analyst Ellie Jang told investors that Baidu's greater focus on its core ads business should drive steady market share... More