Benchmark Maintains Buy on Baidu, Lowers Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Fawne Jiang maintains a Buy rating on Baidu (NASDAQ:BIDU) but lowers the price target from $180 to $135.
July 31, 2024 | 5:03 pm
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NEUTRAL IMPACT
Benchmark analyst Fawne Jiang maintains a Buy rating on Baidu but lowers the price target from $180 to $135.
The Buy rating suggests continued confidence in Baidu's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100