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OpCo Boosts Baidu Target To $250 On Upbeat Q2 Earnings

Baidu.com (BIDU) is higher today, helped in part by a bullish note from Oppenheimer.

Analysts Jason Helfstein and Jed Kelly reiterated an Outperform rating and boosted their price target to $250 from $200, citing the company's better-than-expected second quarter earnings and guidance, which has earned praise from other analysts.

They write that Baidu's advertiser count is still constrained by the new "high standard" Baidu set for customers, but News Feed created additional ad inventory and monetization opportunities, and the ad conversion rate is rising on machine learning assistance.

Helfstein and...


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