Baidu (BIDU) : Analyst Rating Update

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) : The highest level Baidu (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.

Baidu (NASDAQ:BIDU): The stock opened at $160.98 on Wednesday but the bulls could not build on the opening and the stock topped out at $161.87 for the day. The stock traded down to $157.88 during the day, due to lack of any buying support eventually closed down at $161.56 with a loss of -0.19% for the day. The stock had closed at $161.87 on the previous day. The total traded volume was 2,157,219 shares.

Also, Brokerage firm Citigroup downgrades its rating on Baidu (NASDAQ:BIDU). As per the latest information, the brokerage house lowers the price target to $180 per share from a prior target of $238. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 13, 2016. The company shares have dropped -12.30% from its 1 Year high price. On Nov 30, 2015, the shares registered one year high at $217.97 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $168.18 and the 200 Day Moving Average price is recorded at $174.10.

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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