Baidu stock rises after KeyBanc, Credit Suisse turn bullish [MarketWatch]
iQIYI, Inc. - American Depositary Shares (IQ)
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm
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Source: MarketWatch
Baidu stock rises after KeyBanc, Credit Suisse turn bullish Shares of Baidu Corp. BIDU, +4.09% are up 2.6% in premarket trading after KeyBanc Capital Markets analyst Hans Chung upgraded the stock to overweight from sector weight. He is incrementally more upbeat about the company's ability to increase ad revenue for its news feed and better monetize search queries. Chung is optimistic about artificial intelligence, which he said serves as a "call option for long-term growth given the early stage of business and market development." He also weighed on iQiyi Inc. IQ, +3.28% which spun out from Baidu earlier this year. After meeting with iQiyi's CFO, Chung is more conservative about the effects of the company's partnership with JD.com Inc. JD, +0.76% at least in the near term, and he is concerned that the World Cup will prompt Chinese users to spend less time on iQiyi's streaming platform. Credit Suisse analyst Thomas Chong also turned bullish on Baidu shares on Monday, upgrading
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News
- iQIYI Launches Over 300 Titles at 2024 World Conference, Fueling Growth with Diverse Content and Robust IP MonetizationPR Newswire
- iQIYI Launches Over 300 Titles at 2024 World Conference, Fueling Growth with Diverse Content and Robust IP MonetizationPR Newswire
- Are Investors Undervaluing iQIYI (IQ) Right Now? [Yahoo! Finance]Yahoo! Finance
- China's ‘Netflix' iQiyi pivots toward an aging population in an AI era [CNBC]CNBC
- iQIYI to Report First Quarter 2024 Financial Results on May 16, 2024GlobeNewswire
IQ
Earnings
- 2/28/24 - Beat
IQ
Sec Filings
- 3/15/24 - Form 144
- 3/14/24 - Form 20-F
- 2/29/24 - Form 6-K
- IQ's page on the SEC website