Baidu (BIDU) Receives Price Target

Baidu (BIDU) : Currently there are 6 street experts covering Baidu (BIDU) stock. The most bullish and bearish price target for the stock is $198 and $180 respectively for the short term. The average price target of all the analysts comes to $188.5. The estimated standard deviation from the target is $7.84.

Baidu (BIDU) : The consensus on Baidu (BIDU) based on 7 analyst recommendation on the company stock is 1.36, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, In a research note released to the investors, Citigroup maintains its rating on Baidu (NASDAQ:BIDU).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup lowers the new price target from $180 per share to $179 per share. The rating by the firm was issued on July 25, 2016.

Baidu (NASDAQ:BIDU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $171.85 and $171.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $176.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $176.55, notching a gain of 3.20% for the day. The total traded volume was 3,608,509 . The stock had closed at $171.07 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, 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 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.

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