Susquehanna downgraded Baidu (BIDU) to Neutral from Positive with a price target of $85, down from $105. Q3 results reflected top-line pressure from a challenging macro backdrop and AI search monetization headwinds, both of which are expected to persist in Q4, the analyst tells investors. While the firm says the valuation remains “undemanding,” the analyst believes the stock is likely to remain rangebound given the macro and search headwinds.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BIDU:
- Baidu downgraded to Neutral from Positive at Susquehanna
- Amazon invests $4B more in Anthropic, Gap reports Q3 beat: Morning Buzz
- AbbVie upgraded, Baidu downgraded: Wall Street’s top analyst calls
- Baidu price target lowered to $130 from $135 at Benchmark
- Barclays downgrades Baidu on ad pressure from generative AI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
