Baidu price target lowered to $125 from $133 at Barclays

Barclays lowered the firm’s price target on Baidu to $125 from $133 and keeps an Overweight rating on the shares. Amid an “already weakish” macro environment, the company’s lack of monetization of generative artificial intelligence will further pressure advertising revenue, the analyst tells investors in a research note. The firm reduced Q2 estimates for Baidu.