Baidu 'confident' AI will sustain growth after sluggish first quarter
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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) US-listed shares climb as Q1 revenue tops expectations
May 16, 2024 5:59 AM EDTBaidu US-listed shares (NASDAQ: BIDU) rose 2% in premarket trading Thursday after the Chinese internet giant reported better-than-expected Q1 revenue, while earnings matched analyst estimates.
Baidus Hong Kong-listed stock fell 0.7%.
The company posted Q1 earnings per share (EPS) of RMB16.10, matching consensus... More
