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Fly News Breaks for July 12, 2019
BIDU
Jul 12, 2019 | 06:31 EDT
Barclays analyst Gregory Zhao lowered his price target for Baidu to $145 from $160 ahead of the company's Q2 results and keeps an Equal Weight rating on the shares.the principle problem for Baidu is how to bridge the gap between the present ads revenue growth slowdown and the ramping-up of the high-tech units' monetization, which might take three years, Zhao tells investors in a research note. While positive on Baidu's mid- to long-term outlook, he believe investors' current focus is still on its ads business.
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.
