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Fly News Breaks for December 4, 2019
BIDU
Dec 4, 2019 | 08:58 EDT
Loop Capital analyst Rob Sanderson raised his price target on Baidu to $125, rolling forward his expected earnings valuation model to 2021. The analyst also raises his assumed earnings multiple to 8.5-times from 7.0-times to reflect the company's signs of improvement and acceleration in core revenue growth. Sanderson keeps his Hold rating however, stating that Baidu's "considerable value in emerging AI opportunities" will not be reflected in valuation until these initiatives show a concrete path to profit contribution.
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.
