Citigroup Maintains Buy on Baidu, Lowers Price Target to $176
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alicia Yap has maintained a Buy rating on Baidu (NASDAQ:BIDU) but has lowered the price target from $181 to $176.

April 09, 2024 | 12:25 pm
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Citigroup maintains a Buy rating on Baidu but lowers the price target from $181 to $176.
While the reduction in price target could suggest a slightly less optimistic outlook on Baidu's future stock performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal might lead to a neutral short-term impact on BIDU's stock price as investors weigh the lowered price target against the sustained positive rating.
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IMPORTANCE 80
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