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Bank of America Global Research: Lowered its target price for Baidu (BIDU.O) from $141 to $132.

2026-10-26

Bank of America Global Research: Lowered its target price for Baidu (BIDU.O) from $141 to $132.

Other News
2026-10-26

Southbound flows net sold CNY 2.075bn today. Via Shanghai Stock Connect, Tencent and CNOOC were net sold HKD 427m and HKD 276m respectively; UBTECH was the top net buy at HKD 141m. Via Shenzhen Stock Connect, Alibaba (HK) and SMIC were net sold HKD 4

Southbound flows net sold CNY 2.075bn today. Via Shanghai Stock Connect, Tencent and CNOOC were net sold HKD 427m and HKD 276m respectively; UBTECH was the top net buy at HKD 141m. Via Shenzhen Stock Connect, Alibaba (HK) and SMIC were net sold HKD 401m and HKD 310m respectively; Zhipu AI led net buys at HKD 384m.
2026-10-26

Meta Platforms plans two simultaneous underwritten public offerings to raise about $35bn: roughly $22.5bn of Class A common stock via forward sale agreements and about $12.5bn of A‑series mandatory convertible preferred stock issued as depositary sha

Meta Platforms plans two simultaneous underwritten public offerings to raise about $35bn: roughly $22.5bn of Class A common stock via forward sale agreements and about $12.5bn of A‑series mandatory convertible preferred stock issued as depositary shares. Meta would issue up to 250m A‑series depositary shares. NVIDIA, AMD and Broadcom have indicated interest in purchasing up to $5bn of Meta securities each.
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