Baidu (NASDAQ:BIDU) Price Target Cut to $205.00 by Analysts at JPMorgan Chase & Co.

Baidu (NASDAQ:BIDU) had its target price lowered by JPMorgan Chase & Co. from $230.00 to $205.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the information services provider’s stock.

Several other analysts have also issued reports on the company. Morgan Stanley upped their price objective on Baidu from $135.00 to $140.00 in a research note on Tuesday, May 19th. Zacks Research raised Baidu from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Wall Street Zen raised Baidu from a “sell” rating to a “hold” rating in a report on Monday, May 25th. Citigroup reiterated a “buy” rating on shares of Baidu in a report on Tuesday, June 23rd. Finally, Benchmark reissued a “buy” rating and issued a $215.00 price objective on shares of Baidu in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.33.

Baidu Trading Down 4.9%

Shares of Baidu stock opened at $107.24 on Friday. The stock has a market cap of $36.49 billion, a P/E ratio of -893.59, a P/E/G ratio of 2.04 and a beta of 0.56. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.22. Baidu has a 12-month low of $84.64 and a 12-month high of $165.30. The business’s 50 day moving average is $121.83 and its 200-day moving average is $128.20.

Institutional Trading of Baidu

Several large investors have recently bought and sold shares of the business. Empowered Funds LLC acquired a new position in Baidu in the 1st quarter worth about $334,000. EverSource Wealth Advisors LLC raised its holdings in Baidu by 71.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,182 shares of the information services provider’s stock valued at $101,000 after buying an additional 493 shares during the last quarter. Guggenheim Capital LLC raised its holdings in Baidu by 53.3% in the 2nd quarter. Guggenheim Capital LLC now owns 9,670 shares of the information services provider’s stock valued at $829,000 after buying an additional 3,362 shares during the last quarter. First Trust Advisors LP grew its holdings in Baidu by 2.6% during the 2nd quarter. First Trust Advisors LP now owns 50,033 shares of the information services provider’s stock worth $4,291,000 after acquiring an additional 1,259 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Baidu during the 2nd quarter worth approximately $254,000.

Trending Headlines about Baidu

Here are the key news stories impacting Baidu this week:

• Negative Sentiment: JPMorgan lowered its price target on Baidu from $230 to $205, even while keeping an overweight rating, reinforcing investor concern that near-term fundamentals may be softer than previously expected. Benzinga report on JPMorgan price target cut
• Negative Sentiment: Another recent analyst note pointed to weaker advertising trends and heavier AI investment, saying Baidu’s core online marketing business remains under pressure as traffic softens. QuiverQuant article on Baidu Slides as Tech Selloff and Advertising Concerns Pressure Shares
• Negative Sentiment: Shares also faced a sector-wide selloff in Hong Kong tech stocks, adding pressure to Baidu alongside broader risk-off sentiment in growth names. QuiverQuant article on tech selloff pressure
• Neutral Sentiment: Baidu announced plans to convert its Hong Kong listing to dual-primary status, which could improve access to mainland investors and support future funding flexibility, but the market appears to be treating this as a longer-term strategic move rather than an immediate earnings catalyst. PR Newswire listing conversion announcement
• Positive Sentiment: Recent reports that Apple approved generative AI features for launch in China, with Baidu involved in the rollout, helped lift sentiment earlier in the week by highlighting potential AI partnership upside. TechCrunch report on Apple Intelligence in China

Baidu Company Profile

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.