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Baidu Has An 'Increasing Gen-AI Centric Revenue Mix': Analysts Look Into Q1 Results, Outlook

Baidu Inc (NASDAQ:BIDU) shares came under pressure in early trading on Friday, despite the company's better-than-expected quarterly results. The results came amid an exciting earnings season. Here are some key analyst takeaways. Goldman Sachs On Baidu Analyst Lincoln Kong maintained a Buy rating while cutting the price target from $161 to $153. Baidu reported its first-quarter revenues in line with expectations but managed to deliver a beat on EBIT and net profit, Kong said in a note. Baidu Core has delivered more than 20% net profit growth on average over the past six quarters, "which was helped by OPEX efficiency execution and lower-than-expected LLM-related R&D and depreciation expense," he added. The full-year guidance was mixed and reflected Baidu's "structural transition towards an increasing Gen-AI centric revenue mix," the analyst stated. Management expects to continue with the share ...