Susquehanna Boosts Baidu (NASDAQ:BIDU) Price Target to $120.00

Baidu (NASDAQ:BIDUGet Free Report) had its price objective raised by equities research analysts at Susquehanna from $110.00 to $120.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the information services provider’s stock. Susquehanna’s target price points to a potential upside of 0.80% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. National Bank Financial raised Baidu to an “outperform” rating in a research note on Monday, November 24th. UBS Group reiterated a “buy” rating on shares of Baidu in a research report on Wednesday, February 4th. Nomura upped their price target on shares of Baidu from $178.00 to $196.00 and gave the company a “buy” rating in a report on Monday, January 26th. Wall Street Zen upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Baidu from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.89.

View Our Latest Analysis on BIDU

Baidu Stock Up 0.9%

BIDU opened at $119.05 on Thursday. Baidu has a one year low of $74.71 and a one year high of $165.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.91 and a current ratio of 1.76. The stock’s fifty day moving average is $141.64 and its 200-day moving average is $127.12. The company has a market capitalization of $41.13 billion, a PE ratio of 74.87 and a beta of 0.32.

Institutional Investors Weigh In On Baidu

Hedge funds have recently modified their holdings of the stock. Binnacle Investments Inc purchased a new position in Baidu in the 2nd quarter worth about $29,000. Winthrop Capital Management LLC purchased a new stake in Baidu during the second quarter valued at about $39,000. Mizuho Securities Co. Ltd. purchased a new stake in Baidu during the second quarter valued at about $43,000. UMB Bank n.a. boosted its holdings in shares of Baidu by 65.0% in the third quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock worth $45,000 after buying an additional 134 shares during the period. Finally, Sankala Group LLC acquired a new position in shares of Baidu in the fourth quarter worth about $46,000.

Baidu News Summary

Here are the key news stories impacting Baidu this week:

Baidu Company Profile

(Get Free Report)

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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