Baidu Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:BIDU)
Shares of Baidu (NASDAQ:BIDU) have been given an average rating of “Buy” by the nineteen analysts that are covering the company, Analyst Ratings News reports. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $179.27.
BIDU has been the subject of a number of recent research reports. Analysts at Daiwa Capital Markets initiated coverage on shares of Baidu in a research note on Thursday. They set a “buy” rating and a $210.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Baidu in a research note on Tuesday. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Baidu in a research note on Monday, February 10th.
Shares of Baidu (NASDAQ:BIDU) traded down 0.34% on Friday, hitting $173.305. 1,320,583 shares of the company’s stock traded hands. Baidu has a 1-year low of $82.98 and a 1-year high of $185.50. The stock has a 50-day moving average of $167.8 and a 200-day moving average of $157.0. The company has a market cap of $60.646 billion and a P/E ratio of 36.32.
Baidu, Inc (NASDAQ:BIDU) is a Chinese-language Internet search provider.
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