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Baidu shares target cut to by Citi on ad revenue revision - Investing.com

Retrieved on: 2024-04-08 16:46:34

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Baidu shares target cut to by Citi on ad revenue revision - Investing.com. View article details on HISWAI: https://www.investing.com/news/company-news/baidu-shares-target-cut-to-by-citi-on-ad-revenue-revision-93CH-3369898

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Citi lowered its price target for Baidu due to revised advertising revenue expectations despite market growth, but maintained a Buy rating, reflecting confidence in Baidu's undervalued stock and potential for growth as indicated by a low PEG ratio.

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