Shares of the Chinese Internet search provider Baidu ( BIDU) are higher over 14% year-to-date, but Bernstein analyst Bhavtosh Vajpayee on Friday reiterated his "Underperform" rating on the company's stock with a $152 price target, roughly 21% downside from today's open.
One of Vajpayee's contentions is that Baidu is often likened to Alphabet's ( GOOGL) Google, however, it carries "stark" differences.
"We see tactical wins where Baidu could unlock value in the near term, but also structural challenges that are harder to fix," Vajpayee noted.
A discrepancy in comparing Baidu to Google concerns ad-dollars, he said. Whereas Google's only real competitor is Facebook ( FB) , Baidu faces competition from Chinese rivals Alibaba ( BABA) and Tencent ( TCEHY) .
Vajpayee also points out that Google also has several products that have accumulated roughly 1 billion users each, while Baidu's space is more fragmented not only by company but by app.
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More issues for food makers: As if food makers such as Kraft Heinz (KHC) and grocery retailers like Kroger (KR) and Walmart (WMT) didn't have enough issues on their plate thanks to Amazon's (AMZN) advances.
A significant demographic headwind could add further pressure on the packaged food and grocery store sectors in the years ahead, according to Wolfe Research analyst Scott Mnushkin. The U.S. government reported recently that the fertility rate in the U.S. (births per 1,000 women) hit a record low of 62.0 in 2016, with the number of births down about 1% from the prior year. With births declining and immigration slowing, population growth in the U.S. has stalled.
For the aforementioned sectors, Mnushkin points out, it's critical households are formed in order for demand to materialize. The fact that's not happening at a decent clip is troublesome.
All eyes on Apple's iPhone 8, per the usual: Barclays analyst Mark Moskowitz is not buying the projected "super cycle" in Apple's (AAPL) stock after the tech titan releases its highly anticipated iPhone 8 later this year. Amid reports that the highly anticipated smartphone may not include wireless charging, enhanced 3D technology, or Touch ID, Moskowitz contends that the phone's OLED display, the lone headline feature, won't be enough to convince consumers to upgrade.
"With OLED, we struggle to see the incremental benefits visually that would inspire a customer to replace an adequately-performing device," he noted.
Crowley, who built the location intelligence company into a service with 50 million monthly active users across its two apps since founding the company in 2009, spoke with TheStreet'S Natalie Walters at the company's hip headquarters in Soho, New York.
"I can see what Amazon is trying to do there," Crowley said. "I think it's super brilliant." As for what Crowley is up to at FourSquare right now, check out TheStreet this weekend.
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