Baidu Gets Price Target Bumps By Analysts After Q4 Results

Comments
Loading...

Baidu, Inc. BIDU reported better-than-expected Q4 results. The company also announced a $5 billion share repurchase program.

Baidu reported a flat fourth-quarter FY22 revenue growth year-on-year to $4.796 billion, beating the consensus of $4.650 billion. Baidu's Non-GAAP earnings per ADSof $2.21 beat the consensus of $2.00.

Baidu shares fell 2.6% to close at $137.12 on Wednesday and added 2.5% in today’s pre-market trading.

These analysts made changes to their price targets on Baidu following the release of results.

  • Barclays raised the price target on Baidu from $139 to $181. Barclays analyst Jiong Shao maintained an Overweight rating.
  • Citigroup boosted the price target on Baidu from $176 to $191. Citigroup analyst Alicia Yap maintained a Buy rating.
  • Mizuho increased the price target on Baidu from $180 to $190. Mizuho analyst James Lee maintained a Buy rating.

Read More: Top 5 Consumer Stocks That May Crash This Month

Overview Rating:
Promising
87.5%
Technicals Analysis
100
0100
Financials Analysis
80
0100
Overview
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise

Posted In: