Baidu reports 3% third-quarter revenue decline, stock slides
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Susquehanna Downgrades Baidu (BIDU) to Neutral
November 25, 2024 7:16 AM ESTSusquehanna 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 ESTMizuho 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
Baidu (BIDU) PT Lowered to $130 at Benchmark
November 22, 2024 6:55 AM ESTBenchmark analyst Fawne Jiang lowered the price target on Baidu (NASDAQ: BIDU) to $130.00 (from $135.00) while maintaining a Buy rating.
The analyst comments "DD stock saw a significant sell-off yesterday following its 3Q24 results, which were moderately below expectations. The underperformance was primarily due to slower-than-expected international growth and a... More
