Loop Capital Markets upgraded Baidu to buy from hold, citing its self-driving car business and a favorable valuation after the recent decline. Baidu's U.S.-listed shares fell 19% last week, and analyst Rob Sanderson wrote that this is "a great opportunity to accumulate the stock." Loop is bullish on Baidu's Apollo business, saying it is "far ahead of the commercialization of autonomous vehicles in China by many metrics." The overall economic recovery will also support the company's search advertising business, the company wrote....
- 8
- 2
- Favorite
Loop upgrades Baidu to buy, raises target price to $290
新浪财经2021-03-29
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
8
Report
Login to post
- 狐假虎威85·2021-03-29666LikeReport
- CalebNgor·2021-03-29敢敢進，加油LikeReport
Most Discussed
Terms and Conditions·Privacy Policy
Company: TTMF Limited. Tech supported by Xiangshang Yixin.
Email：uservice@ttm.financial