Jefferies says during Baidu’s (BIDU) Q4 conference call, management highlighted that solid engagement and enhanced experience are driving increase in daily queries per user. Baidu Agent “is of great potential” and the company believes its advertising revenue has reached the bottom and will gradually improve, the analyst tells investors in a research note. Jefferies views Baidu’s cloud growth as better than expected and keeps a Buy rating on the shares with a $128 price target
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