Analyst Rating Update on Baidu (BIDU)

Baidu (NASDAQ:BIDU) : 5 brokerage houses believe that Baidu (NASDAQ:BIDU) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Baidu (NASDAQ:BIDU). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 7 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.36.

Baidu (NASDAQ:BIDU) : The highest level Baidu (NASDAQ:BIDU) is projected to reach is $223 for the short term and the lowest estimate is at $182. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $205.57 and the possibility the share price can swing is $16.56.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Citigroup downgrades its ratings on Baidu (NASDAQ:BIDU). In the latest research report, Citigroup lowers the target price from $238 per share to $180 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 13, 2016.

Baidu (NASDAQ:BIDU): stock turned positive on Tuesday. Though the stock opened at $160.1, the bulls momentum made the stock top out at $162.98 level for the day. The stock recorded a low of $159.56 and closed the trading day at $160.41, in the green by 2.22%. The total traded volume for the day was 2,171,923. The stock had closed at $156.92 in the previous days trading.

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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