- Baidu ( NASDAQ: BIDU ) shares dipped 2% in pre-market trading, Friday, despite getting positive new sentiment from analyst Wei Xiong at UBS.
- Xiong initiated his coverage of Baidu ( BIDU ) with a buy rating, saying that the company's long-term potential is "undervalued", and that its core advertising revenue is likely to sustain "mid-to-high single digit growth" over the long term. Xiong also cited some up-and-coming opportunities that should give Baidu ( BIDU ) a boost in the years ahead.
- Xiong said Baidu ( BIDU ) stands to gain from "incremental opportunities from e-commerce and short-form. videos," as well as "significant long-term opportunities in autonomous driving, where Baidu is solidifying its leadership in robotaxi services."
- Earlier this month, Baidu ( BIDU ) got a lift as J.P. Morgan analyst Alex Yao raised his rating on the company's stock due to opportunities in online advertising .
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Baidu shares slip despite new upbeat views from UBS