0426 GMT - Baidu's 1Q results will likely remain weighed by macro weakness, says Daiwa analyst John Choi in a commentary. The Chinese tech giant may see its advertising business remain under pressure in 1Q, although the situation may improve in 2H once more AI monetisation features are rolled out in 2Q. He adds that ongoing geopolitical uncertainties might add pressure to the stock's valuation. The analyst keeps an outperform rating, but cuts the target price of Baidu's ADRs to $95.00 from $110.00. Its ADRs were last at $82.50. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 00:26 ET (04:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。