Analysts are optimistic about the future of Baidu, with the share price rising by 3.22%

According to foreign media reports, most of the US-listed network shares rose on Tuesday, with Baidu and Yahoo both rising due to good news. The Dow Jones Internet index rose 0.57 points and closed at 102.34 points, an increase of 0.56%. The Nasdaq comprehensive index rose 8.43 points and closed at 2477.61 points, an increase of 0.34%.
Baidu rose $3.05 on Tuesday and closed at $97.85, an increase of 3.22%. Zhao Chunming, an analyst at SIG, an American investment company, said in a previous report that Baidu's search volume in the first quarter had increased by 17.4% from the previous quarter. As Baidu's search volume and keyword price will continue to grow, it is not impossible for the company to increase its sales volume in the second quarter to reach analyst expectations. Analysts previously expected that Baidu's sales in the second quarter would increase by 25% to 30%.
For Baidu websites, SIG uses its unique Baidu query and tracking technology, focusing on monitoring the search volume of about 2000 keywords on Baidu websites. Zhao Chunming reiterated his Positive rating for Baidu stocks. He said: "We still believe that Baidu is one of the top internet brands and is expected to continue to grow rapidly in the future ." But he also said that Google has launched a strong challenge to Baidu in China, and his research method does not necessarily reflect the overall search habits of Chinese consumers.
Yahoo rose $0.05 on Tuesday and closed at $31.69, an increase of 0.16%. Yahoo announced earlier that it had signed an exclusive agreement with viakamama to provide Internet search and advertising services for the latter's 33 websites in the next few years. On the same day, SIG analyst Maryanne Wolk raised Yahoo's first-quarter sales expectations from $1.2 billion to $1.215 billion. She said that since the launch of the new advertising platform Panama, advertisers have switched more advertising budgets to Yahoo.
In addition, Expedia.com rose $0.21 on Tuesday, reporting $24.02, or 0.88%; Priceline.com rose $0.68, reporting $54.89, or 1.25%; Napster rose $0.09, reporting $4.21, the increase was 2.2%.