Jefferies Reiterates Buy Rating on Baidu (BIDU), 'AI is key to drive monetization and efficiencies'

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Go back to Jefferies Reiterates Buy Rating on Baidu (BIDU), 'AI is key to drive monetization and efficiencies'

Baidu (BIDU) PT Lowered to $176 at Citi, 'Lowering Estimates on Muted Ad Spend Sentiment'

April 8, 2024 11:43 AM EDT

Citi analyst Alicia Yap lowered the price target on Baidu (NASDAQ: BIDU) to $176.00 (from $181.00) while maintaining a Buy rating.

The analyst comments "Despite continued solid recovery of traveling industry which has supported decent ad demand in 1Q24, amid lackluster sentiment by industry verticals including... More

Morgan Stanley Positive on Baidu (BIDU): 'Cloud growth likely solid at +8% YoY, with expansion in enterprise AI cloud contribution''

April 8, 2024 9:32 AM EDT

Morgan Stanley analyst Gary Yu reiterated an Overweight rating and $140.00 price target on Baidu (NASDAQ: BIDU).

The analyst comments "We expect Baidu 1Q24 core rev +2-3% YoY (vs cons +6% YoY) and ads +2-3% YoY on continued weak macro. Cloud growth likely solid... More