Form 6-K Baidu, Inc. For: May 16
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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
