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BIDU

Baidu

$139.46 /

-0.63 (-0.45%)

08:06
01/16/20
01/16
08:06
01/16/20
08:06

Baidu price target raised to $165 from $145 at Oppenheimer

Oppenheimer analyst Jason Helfstein raised his price target for Baidu to $165 from $145 as he feels more confident ahead of the company's Q4 results and outlook on stabilizing competition and disciplined investments. The analyst believes the inventory glut in short-video, which pressured pricing, will show greater stabilization in Q4 versus Q3. Moreover, Baidu is poised to benefit from increased e-commerce competition, causing more demand for their digital ad business, he contends. On the cost side, Helfstein believes the company will continue to show discipline, and deliver better core margins, while narrowing losses for other initiatives. He maintains an Outperform rating on the shares.

BIDU Baidu
$139.46 /

-0.63 (-0.45%)

11/21/19 MACQ
Baidu initiated with a Neutral at Macquarie
12/04/19 LOOP
Baidu price target raised to $125 from $110 at Loop Capital
01/10/20 LEHM
Baidu price target raised to $150 from $140 at Barclays
01/13/20 MZHO
Mizuho recommends Facebook and Baidu as top Internet picks for 2020

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Advance Auto Parts

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L Brands

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