Several brokerages have updated their recommendations and price targets on shares of Baidu (NASDAQ: BIDU) in the last few weeks:
- 2/19/2025 – Baidu had its price target raised by analysts at Mizuho from $95.00 to $105.00. They now have an “outperform” rating on the stock.
- 2/19/2025 – Baidu was downgraded by analysts at Nomura from a “buy” rating to a “neutral” rating.
- 2/19/2025 – Baidu was downgraded by analysts at Nomura Securities from a “strong-buy” rating to a “hold” rating.
- 2/19/2025 – Baidu was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
- 2/19/2025 – Baidu had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $130.00 price target on the stock.
- 2/18/2025 – Baidu had its “outperform” rating reaffirmed by analysts at Daiwa Capital Markets.
- 2/11/2025 – Baidu had its price target raised by analysts at Barclays PLC from $83.00 to $95.00. They now have an “equal weight” rating on the stock.
- 1/24/2025 – Baidu had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $130.00 price target on the stock.
- 12/27/2024 – Baidu was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
Baidu Stock Up 1.8 %
Shares of NASDAQ:BIDU opened at $89.65 on Friday. Baidu, Inc. has a 12 month low of $77.19 and a 12 month high of $116.25. The company’s 50-day moving average price is $87.09 and its two-hundred day moving average price is $88.82. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. The firm has a market cap of $31.44 billion, a P/E ratio of 9.78, a P/E/G ratio of 2.07 and a beta of 0.46.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Rialto Wealth Management LLC acquired a new stake in Baidu during the 4th quarter worth approximately $42,000. Sycomore Asset Management bought a new position in shares of Baidu during the 4th quarter worth approximately $51,000. GeoWealth Management LLC grew its stake in shares of Baidu by 88.5% during the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock worth $55,000 after acquiring an additional 308 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Baidu by 630.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after acquiring an additional 593 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of Baidu during the 3rd quarter worth approximately $72,000.
Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.
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