BIDU-SWR

77.650

+1.6002.10%

Volume:5.95K

Turnover:461.91K

Market Cap:213.54B

PE:9.35

High:77.950

Open:76.700

Low:76.600

Close:76.050

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Ishares MSCI China ETF Down 0.5%, Ishares China Large Cap ETF Down 1.2%, Kraneshares CSI China Internet ETF Down 1.3%

THOMSON REUTERS

·

16 Apr

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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. 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