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Baidu price target lowered to $141 from $142 at Citi
The Fly

Baidu price target lowered to $141 from $142 at Citi

Citi lowered the firm’s price target on Baidu (BIDU) to $141 from $142 and keeps a Buy rating on the shares post the Q3 report. The company’s core advertising business will likely bottom out in Q1 of 2025, the analyst tells investors in a research note. The firm sees an “undemanding valuation” at current share levels with reasonable consensus forecasts.

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