Baidu (BIDU) : Zacks Investment Research ranks Baidu (BIDU) as 5, which is a Strong Sell recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.36, which indicates as a Strong Buy.
Baidu (BIDU) stock is expected to deviate a maximum of $16.23 from the average target price of $195.57 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $220 and the most muted being $180.
For the current week, the company shares have a recommendation consensus of Buy. Baidu (NASDAQ:BIDU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $168.13 and $166.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $168.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $167.72, notching a gain of 1.26% for the day. The total traded volume was 1,551,320 . The stock had closed at $165.63 on the previous day.
Baidu, Inc. (Baidu) is a Chinese-language Internet search provider (ISP). Baidu serves three types of online participants, which include users, customers and Baidu Union Members. The Company offers a Chinese-language search platform on its Website, Baidu.com. It provides Chinese-language Internet search services to enable users to find relevant information online, including Web pages, news, images, documents and multimedia files, through links provided on its Websites. It designs and delivers its online marketing services primarily on its Baidu.com Website to its online marketing customers. As of December 31, 2014 the Company had approximately 813,000 active online marketing customers. Its online marketing customers consist of small and medium enterprises (SMEs) throughout China, domestic companies and Chinese divisions or subsidiaries of multinational companies.