Barclays Maintains Overweight on Baidu, Raises Price Target to $183
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an 'Overweight' rating on Baidu (NASDAQ:BIDU) and raised the price target from $181 to $183.
August 23, 2023 | 5:11 pm
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Barclays has maintained an 'Overweight' rating on Baidu and raised the price target, indicating a positive outlook for the company.
The 'Overweight' rating maintained by Barclays indicates that they believe Baidu's stock will outperform the average return of the stocks they cover. The increase in price target from $181 to $183 suggests that they expect the stock's price to rise in the short term. This is likely to have a positive impact on Baidu's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100