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Fly News Breaks for February 24, 2017
BIDU
Feb 24, 2017 | 07:36 EDT
Stifel analyst George Askew says that Baidu's search business reached a positive turning point in Q4, as the business' revenue and customer count both rebounded. However, the analyst says that the doubling of content costs at iQiyi "more than offsets" search's positive impact on the company's margins. He expects Baidu's overall margins to decline this year, but he says that the company has a number of "compelling opportunities," including newsfeed and AI. The analyst keeps a $220 price target and a Buy rating on the shares.
News For BIDU From the Last 2 Days
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.
