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Fly News Breaks for January 11, 2017
BIDU
Jan 11, 2017 | 07:19 EDT
Bernstein analyst Bhavtosh Vajpayee started coverage of Baidu with a $150 price target and an Underperform rating. The analyst says that the company's "core search business is slowing," while it will probably lose five percentage points of market share in digital ads in the next three years. The analyst is bearish on the company's lifestyle services, or 020 initiatives, which he says have badly hurt its profitability and have a questionable long-term outlook.
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.
