Barclays Maintains Overweight on Baidu, Lowers Price Target to $138
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an 'Overweight' rating on Baidu (NASDAQ:BIDU) but lowered the price target from $183 to $138.
November 01, 2023 | 1:48 pm
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Barclays has maintained an 'Overweight' rating on Baidu but lowered the price target from $183 to $138.
While the 'Overweight' rating suggests that Barclays expects Baidu's stock to outperform, the lowering of the price target could indicate a reduced growth outlook. This could potentially lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100