Baidu (NASDAQ:BIDU – Get Rating) had its price objective raised by analysts at Sanford C. Bernstein from $92.00 to $109.00 in a research note issued on Wednesday, The Fly reports. Sanford C. Bernstein’s price objective points to a potential upside of 12.37% from the company’s current price.
BIDU has been the topic of several other reports. Macquarie started coverage on Baidu in a report on Tuesday, August 23rd. They issued an “outperform” rating and a $188.00 target price on the stock. KGI Securities lowered Baidu from an “outperform” rating to a “neutral” rating in a research report on Monday, October 24th. UBS Group initiated coverage on Baidu in a report on Friday, September 16th. They issued a “buy” rating for the company. JPMorgan Chase & Co. upgraded Baidu from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $160.00 to $200.00 in a report on Wednesday, August 31st. Finally, Susquehanna Bancshares reduced their price objective on shares of Baidu from $200.00 to $195.00 and set a “positive” rating for the company in a research note on Monday, September 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Baidu currently has a consensus rating of “Moderate Buy” and an average price target of $179.88.
Baidu Price Performance
NASDAQ BIDU opened at $97.00 on Wednesday. The company has a market capitalization of $33.52 billion, a PE ratio of 59.51, a price-to-earnings-growth ratio of 0.72 and a beta of 0.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.75 and a current ratio of 2.75. The business’s fifty day moving average is $101.60 and its 200 day moving average is $125.34. Baidu has a fifty-two week low of $73.58 and a fifty-two week high of $171.87.
Hedge Funds Weigh In On Baidu
Baidu Company Profile
Baidu, Inc engages in the provision of internet search and online marketing solutions. The firm’s products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI.
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