China Renaissance Starts Baidu (BIDU) at Hold
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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
