Baidu shares slide as Barclays downgrades on ad revenue outlook

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Susquehanna Downgrades Baidu (BIDU) to Neutral

November 25, 2024 7:16 AM EST

Susquehanna analyst Shyam Patel downgraded Baidu (NASDAQ: BIDU) from Positive to Neutral with a price target of $85.00 (from $105.00).

The analyst comments "Our thoughts. BIDU continues to be pressured by a challenging macro coupled with monetization headwinds from its AI-powered search. While the valuation remains undemanding, we believe the stock is... More

Baidu (BIDU) PT Lowered to $105 at Mizuho

November 22, 2024 10:02 AM EST

Mizuho analyst James Lee lowered the price target on Baidu (NASDAQ: BIDU) to $105.00 (from $115.00) while maintaining a Outperform rating.

The analyst comments "Baidu core operating income came in above expectations due to improving cloud profitability and disciplined cost management despite facing ongoing macro challenges in... More