Mizuho analyst James Lee raised the firm’s price target on Baidu to $190 from $180 and keeps a Buy rating on the shares post the Q4 results. The analyst sees "the light at end of the tunnel" for China’s re-opening and anticipates Baidu’s core revenues to experience a tangible recovery in Q1, followed by an inflection in Q2.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on BIDU: