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Fly News Breaks for July 29, 2016
BIDU
Jul 29, 2016 | 09:03 EDT
Oppenheimer analyst Jason Helfstein says Baidu faced a "challenging" Q2, reporting "disappointing" results and guidance. However, the analyst says the short-term headwinds do not change his long-term view, as Baidu operates a monopoly on search in China, where advertisers have few digital advertising options. Helfstein believes the company's overall financial health remains "strong," allowing Baidu to reinvest in next-generation revenue drivers such as AI, autonomous cars and Cloud. He reiterates an Outperform rating on the shares.
News For BIDU From the Last 2 Days
BIDU
Apr 26, 2024 | 09:40 EDT
BIDU
Apr 24, 2024 | 08:08 EDT
HSBC analyst Charlene Liu lowered the firm's price target on Baidu to $145 from $157 and keeps a Buy rating on the shares following the company's developer conference. The firm says Baidu's advertising outlook remains more challenging than it expected. It cut estimates on weaker a macro envinrment.
