Baidu Inc (NASDAQ:BIDU) shares came under pressure in early trading on Friday, despite the company’s better-than-expected quarterly results.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
Goldman Sachs On Baidu
Analyst Lincoln Kong maintained a Buy rating while cutting the price target from $161 to $153.
Baidu reported its first-quarter revenues in line with expectations but managed to deliver a beat on EBIT and net profit, Kong said in a note. Baidu Core has delivered more than 20% net profit growth on average over the past six quarters, “which was helped by OPEX efficiency execution and lower-than-expected LLM-related R&D and depreciation expense,” he added.
The full-year guidance was mixed and reflected Baidu’s “structural transition towards an increasing Gen-AI centric revenue mix,” the analyst stated. Management expects to continue with the share …
Full story available on Benzinga.com
Baidu Inc (NASDAQ:BIDU) shares came under pressure in early trading on Friday, despite the company’s better-than-expected quarterly results.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
Goldman Sachs On Baidu
Analyst Lincoln Kong maintained a Buy rating while cutting the price target from $161 to $153.
Baidu reported its first-quarter revenues in line with expectations but managed to deliver a beat on EBIT and net profit, Kong said in a note. Baidu Core has delivered more than 20% net profit growth on average over the past six quarters, “which was helped by OPEX efficiency execution and lower-than-expected LLM-related R&D and depreciation expense,” he added.
The full-year guidance was mixed and reflected Baidu’s “structural transition towards an increasing Gen-AI centric revenue mix,” the analyst stated. Management expects to continue with the share …
Full story available on Benzinga.com
Baidu Inc (NASDAQ:BIDU) shares came under pressure in early trading on Friday, despite the company’s better-than-expected quarterly results.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
Goldman Sachs On Baidu
Analyst Lincoln Kong maintained a Buy rating while cutting the price target from $161 to $153.
Baidu reported its first-quarter revenues in line with expectations but managed to deliver a beat on EBIT and net profit, Kong said in a note. Baidu Core has delivered more than 20% net profit growth on average over the past six quarters, “which was helped by OPEX efficiency execution and lower-than-expected LLM-related R&D and depreciation expense,” he added.
The full-year guidance was mixed and reflected Baidu’s “structural transition towards an increasing Gen-AI centric revenue mix,” the analyst stated. Management expects to continue with the share …Full story available on Benzinga.com Read MoreAnalyst Color, Asia, Benchmark, BIDU, China, Earnings, Earnings Misses, Expert Ideas, Fawne Jiang, Goldman Sachs, James Lee, Lincoln Kong, Mizuho Securities, Stories That Matter, Price Target, Reiteration, Global, Analyst Ratings, Tech, BIDU, US0567521085, Analyst Color, Earnings, Asia, Earnings Misses, Price Target, Reiteration, Global, Analyst Ratings, Tech, Benzinga Asia
