Baidu.com Given a $175.00 Price Target by Citigroup Inc. Analysts (BIDU)
Equities researchers at Citigroup Inc. set a $175.00 price objective on shares of Baidu.com (NASDAQ:BIDU) stock in a research report issued on Thursday, American Banking and Market News reports. Citigroup Inc.’s price target indicates a potential upside of 13.76% from the stock’s previous close.
The analysts wrote, “1) mobile paid search, 2) contextual ads, and 3) mobile VAS (mostly games).”
Shares of Baidu.com (NASDAQ:BIDU) traded up 5.21% on Thursday, hitting $161.85. 4,068,816 shares of the company’s stock traded hands. Baidu.com has a 52 week low of $82.98 and a 52 week high of $161.48. The stock’s 50-day moving average is $147.7 and its 200-day moving average is $114.5. The company has a market cap of $56.611 billion and a price-to-earnings ratio of 32.17.
Baidu.com (NASDAQ:BIDU) last released its earnings data on Wednesday, July 24th. The company reported $1.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.21 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 43.6% on a year-over-year basis. On average, analysts predict that Baidu.com will post $5.00 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Maxim Group upgraded shares of Baidu.com from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, October 9th. They now have a $95.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Baidu.com in a research note to investors on Tuesday, October 8th. Finally, analysts at Bank of America Corp. raised their price target on shares of Baidu.com from $158.00 to $177.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $144.84.
Baidu, Inc operates as a Chinese language Internet search provider for web pages, audio files, news, images and multimedia through links provided on their website.
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