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Macquarie Lowers Price Target on Baidu (BIDU) Citing Sluggish Ad Business
Yahoo Finance· 2026-03-02 20:16
Baidu Inc. (NASDAQ:BIDU) is among the 12 best stocks to buy and hold for the next 2 years. On February 26, Macquarie lowered its price target on Baidu Inc. (NASDAQ:BIDU) shares to $177 from $205 while maintaining an Outperform rating, saying that the price target reduction reflects sluggish performance in the company’s core advertising business. The analyst firm also cited the Kunlunxin spinoff and robotaxi expansion as key catalysts for the company. According to Macquarie, Baidu Inc. (NASDAQ:BIDU) has ...