Baidu announced its Q1 results late last week, with the Chinese technology reporting its first quarterly loss in fifteen years. The company's management expects near-term headwinds in China's online marketing space. We have lowered our fair value estimate for Baidu's stock to $175 per share.
Baidu announced its Q1 results late last week, with the Chinese technology reporting its first quarterly loss in fifteen years. The company's management expects near-term headwinds in China's online marketing space. We have lowered our fair value estimate for Baidu's stock to $175 per share.
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