Bofa repeat buy on Baidu (bidu), reduce PT

On May 22, Bank of America’s Securities analyst Miranda Chuang repeated a purchase rating in Baidu Inc. (Nasdaq:beginning). However, it reduced the target price to $ 100 from $ 104 due to the decrease in advertising business.

Modern internet space with a person using Baidu services on a laptop.

It also indicates that the robotics section has achieved completely independent operations in China, the mainland, which has already become a very competitive market. In addition, the company has its eyes in international markets, and successful entry will lead to more foreign markets to significant growth, according to the analyst.

The analyst also touched on the company’s advertising, which was recently subjected to revenue growth pressure. However, she believes that Baidu’s AI’s hegemony should enable it to stimulate growth in this sector through the basic research work that works on behalf or by creating advertising formats and enhancing user experience. Moreover, the strong financial situation of the company supports, purchasing repurchase, and evaluating relatively cheaper its optimistic view.

Baidu Inc. (NASDAQ: BIDU) is a Chinese technology company specialized in Internet services and AI. Although its search engine has a dominant location in the market, it has diversified in many high -growth areas, such as independent driving and smart consumer electronics.

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Detection: Nothing.