Baidu (BIDU) US-listed shares climb as Q1 revenue tops expectations
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Baidu (BIDU) PT Lowered to $165 at UBS
May 17, 2024 5:59 AM EDTUBS analyst Wei Xiong lowered the price target on Baidu (NASDAQ: BIDU) to $165.00 (from $170.00) while maintaining a Buy rating.
The analyst comments "1) Core business: Core ads +2.7% YoY in 1Q amid weak macro despite the benefit from incremental AI-powered ads that enhances conversion. Baidu is incorporating AI into search for certain verticals for... More
Jefferies Reiterates Buy Rating on Baidu (BIDU)
May 16, 2024 4:20 PM EDTJefferies analyst Thomas Chong reiterated a Buy rating and $179.00 price target on Baidu (NASDAQ: BIDU).
The analyst comments "Baidu reported 1Q results. During conference call, management highlights about the progress of generative AI in search and rapid rise in no of API... More
CFRA Reiterates Hold Rating on Baidu (BIDU)
May 16, 2024 3:15 PM EDTCFRA analyst Angelo Zino reiterated a Hold rating and $120.00 price target on Baidu (NASDAQ: BIDU).
The analyst comments "We maintain our 12-month target at USD120, using a P/E of 9.7x our '25 EPS view, near China-based peers. We increase... More
Baidu (BIDU) Reports In-Line Q1 EPS
May 16, 2024 5:11 AM EDT(Updated - May 16, 2024 5:59 AM EDT)
Baidu (NASDAQ: BIDU) reported Q1 EPS of RMB16.10, in-line with the analyst estimate of RMB16.10. Revenue for the quarter came in at RMB31.51 billion versus the consensus estimate of RMB31.43 billion.
For earnings history and earnings-related data on Baidu (BIDU) click here.
... MoreBaidu 'confident' AI will sustain growth after sluggish first quarter
May 16, 2024 5:05 AM EDTBy Liam Mo and Yuvraj Malik
(Reuters) -China's Baidu said on Thursday it was confident artificial intelligence would help drive future sales and profits after reporting first-quarter revenue growth of just 1% as weak Chinese economic growth kept advertisers cautious.
The company has touted the current fourth version of its GPT-like large language model Ernie - which has undergone several iterations since it was unveiled in March last year - as rivaling OpenAI's GPT-4.
"While we operate our legacy business in a challenging environment and (expect) slower revenue growth in the near term, we remain... More
