Baidu touts AI edge as ad revenue stalls
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Baidu (BIDU) PT Lowered to $115 at Loop Capital
August 26, 2024 7:17 AM EDTLoop Capital analyst Rob Sanderson lowered the price target on Baidu (NASDAQ: BIDU) to $115.00 (from $120.00) while maintaining a Buy rating.
The analyst comments "We are lowering estimates on a faster transition to genAI search. We forecast revenue from online marketing services will... More
Baidu (BIDU) PT Lowered to $139 at Jefferies
August 26, 2024 5:26 AM EDTJefferies analyst Thomas Chong lowered the price target on Baidu (NASDAQ: BIDU) to $139.00 (from $174.00) while maintaining a Buy rating.
The analyst comments "Baidu reported 2Q results with Baidu Core revenue in line with our estimates and non-GAAP earnings beating expectations. We... More
Bernstein SocGen Group Downgrades Baidu (BIDU) to Market Perform
August 23, 2024 7:56 AM EDTBernstein SocGen Group analyst Boris Van downgraded Baidu (NASDAQ: BIDU) from Outperform to Market Perform with a price target of $97.00 (from $130.00).
The analyst comments "Stock to trade sideways on greater disruption and less visibility of future success: We expect more disruption... More
Baidu (BIDU) PT Lowered to $117 at BofA Securities
August 23, 2024 5:28 AM EDTBofA Securities analyst Eddie Leung lowered the price target on Baidu (NASDAQ: BIDU) to $117.00 (from $128.00) while maintaining a Buy rating.
The analyst comments "Co. accelerated the renovation of Baidu Search with AI. 18% of search result pages contain AI generated content, up from 11% in May.... More
Baidu (BIDU) PT Lowered to $139 at Jefferies
August 22, 2024 2:37 PM EDTJefferies analyst Thomas Chong lowered the price target on Baidu (NASDAQ: BIDU) to $139.00 (from $174.00) while maintaining a Buy rating.
The analyst comments "Baidu reported 2Q results with Baidu Core revenue in line with our estimates and non-GAAP earnings beating expectations. We... More
