Baidu, Inc. (NASDAQ:BIDU) Receives $145.95 Consensus Price Target from Brokerages

by · The Cerbat Gem

Baidu, Inc. (NASDAQ:BIDU – Get Free Report) has received an average recommendation of “Moderate Buy” from the twenty-four analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $145.9474.

Several equities analysts have recently weighed in on BIDU shares. Daiwa Capital Markets set a $160.00 price target on Baidu and gave the company a “buy” rating in a report on Tuesday, October 14th. Dbs Bank upgraded shares of Baidu from a “hold” rating to a “buy” rating and raised their price objective for the company from $85.00 to $177.00 in a research note on Thursday, September 25th. Arete upgraded shares of Baidu from a “sell” rating to a “buy” rating and set a $143.00 target price on the stock in a research note on Tuesday, September 16th. Nomura set a $140.00 price target on shares of Baidu and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, Benchmark boosted their price objective on shares of Baidu from $115.00 to $158.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th.

Read Our Latest Stock Report on Baidu

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BIDU. Binnacle Investments Inc bought a new stake in Baidu in the 2nd quarter worth about $29,000. Assetmark Inc. lifted its stake in Baidu by 143.3% during the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 192 shares during the period. Winthrop Capital Management LLC purchased a new stake in shares of Baidu during the 2nd quarter valued at about $39,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Baidu in the second quarter worth approximately $43,000. Finally, UMB Bank n.a. grew its stake in shares of Baidu by 65.0% in the third quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock worth $45,000 after acquiring an additional 134 shares during the period.

Baidu Stock Down 0.6%

BIDU stock opened at $118.99 on Friday. The business has a 50 day moving average of $124.87 and a 200 day moving average of $103.87. The firm has a market cap of $41.11 billion, a PE ratio of 39.53 and a beta of 0.44. Baidu has a twelve month low of $74.71 and a twelve month high of $149.51. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.23.

About Baidu

(Get Free Report)

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.

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