Nomura Upgrades Baidu to Buy, Announces $145 Price Target
Portfolio Pulse from Benzinga Newsdesk
Nomura Instinet analyst Jialong Shi has upgraded Baidu (NASDAQ:BIDU) from Neutral to Buy and set a price target of $145.

November 22, 2023 | 12:40 pm
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Baidu has been upgraded from Neutral to Buy by Nomura Instinet analyst Jialong Shi, with a new price target of $145.
Upgrades by analysts, especially from neutral to buy ratings, tend to have a positive impact on stock prices as they suggest improved prospects for the company. The announcement of a $145 price target, which is presumably above the current trading price, indicates a bullish outlook from the analyst and can lead to increased investor confidence and buying activity in the short term.
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