Brokerage Firm Rating Update on Baidu (BIDU)

Baidu (BIDU) : Zacks Investment Research ranks Baidu (BIDU) as 4, which is a 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. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.81, which indicates as a Buy.

Baidu (BIDU) : The highest level Baidu (BIDU) is projected to reach is $198 for the short term and the lowest estimate is at $164. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $185 and the possibility the share price can swing is $11.71.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm JP Morgan assumes its rating on Baidu (NASDAQ:BIDU). The shares have been rated Underweight. The rating by the firm was issued on August 31, 2016.

Baidu (NASDAQ:BIDU): The stock opened at $189.33 and touched an intraday high of $192.88 on Wednesday. During the day, the stock corrected to an intraday low of $188.61, however, the bulls stepped in and pushed the price higher to close in the green at $189.15 with a gain of 0.05% for the day. The total traded volume for the day was 4,265,202. The stock had closed at $189.06 in the previous trading session.

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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