Baidu, Inc. (NASDAQ:BIDU – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $156.64.
Several equities analysts recently commented on BIDU shares. Susquehanna dropped their price objective on shares of Baidu from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Friday, May 24th. Benchmark reaffirmed a “buy” rating and set a $180.00 price target on shares of Baidu in a research note on Friday, May 17th. Morgan Stanley downgraded shares of Baidu from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $140.00 to $125.00 in a research note on Friday, May 17th. Mizuho dropped their price target on shares of Baidu from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, HSBC dropped their price target on shares of Baidu from $157.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th.
View Our Latest Analysis on BIDU
Baidu Price Performance
Institutional Investors Weigh In On Baidu
Several large investors have recently modified their holdings of BIDU. Bruce G. Allen Investments LLC acquired a new stake in Baidu in the fourth quarter worth $25,000. Crewe Advisors LLC acquired a new stake in Baidu in the first quarter worth $31,000. Newbridge Financial Services Group Inc. acquired a new stake in Baidu in the first quarter worth $32,000. Headinvest LLC acquired a new stake in Baidu in the third quarter worth $36,000. Finally, FNY Investment Advisers LLC acquired a new stake in Baidu in the fourth quarter worth $42,000.
Baidu Company Profile
Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.
Featured Articles
- Five stocks we like better than Baidu
- The 3 Best Fintech Stocks to Buy Now
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- What is a Low P/E Ratio and What Does it Tell Investors?
- MarketBeat Week in Review – 6/24 – 6/28
- P/E Ratio Calculation: How to Assess Stocks
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.