Loop Capital Maintains Buy on Baidu, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Rob Sanderson maintains a Buy rating on Baidu (NASDAQ:BIDU) but lowers the price target from $155 to $130.
June 21, 2024 | 1:57 pm
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Loop Capital analyst Rob Sanderson maintains a Buy rating on Baidu but lowers the price target from $155 to $130.
The maintained Buy rating suggests continued confidence in Baidu's long-term prospects, but the lowered price target indicates some concerns about short-term performance or market conditions. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100