Free Trial

Baidu's (BIDU) Hold (C) Rating Reaffirmed at Weiss Ratings

Baidu logo with Computer and Technology background

Key Points

  • Baidu's stock received a reaffirmed "hold (c)" rating from Weiss Ratings, indicating a cautious outlook from analysts.
  • The company has seen mixed ratings from various analysts, with price targets ranging from $81.00 to $177.00, reflecting differing opinions on its market performance.
  • As of the latest trading session, Baidu's stock is down 0.7%, currently trading at $137.90, with a market cap of $47.64 billion.
  • MarketBeat previews top five stocks to own in November.

Baidu (NASDAQ:BIDU - Get Free Report)'s stock had its "hold (c)" rating reissued by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently commented on BIDU. Barclays dropped their target price on shares of Baidu from $84.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Friday, July 18th. Jefferies Financial Group increased their target price on shares of Baidu from $108.00 to $157.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. Susquehanna increased their target price on shares of Baidu from $85.00 to $95.00 and gave the company a "neutral" rating in a research report on Tuesday, September 2nd. Nomura increased their target price on shares of Baidu from $91.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday, September 22nd. Finally, Dbs Bank upgraded shares of Baidu from a "hold" rating to a "buy" rating and increased their price target for the stock from $85.00 to $177.00 in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Baidu has a consensus rating of "Hold" and an average price target of $122.42.

Read Our Latest Research Report on BIDU

Baidu Stock Down 0.7%

Shares of NASDAQ BIDU traded down $1.04 during mid-day trading on Wednesday, reaching $137.90. The company had a trading volume of 3,366,114 shares, compared to its average volume of 4,840,738. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.19. The firm has a 50 day simple moving average of $107.22 and a two-hundred day simple moving average of $94.13. The stock has a market cap of $47.64 billion, a P/E ratio of 12.71 and a beta of 0.42. Baidu has a 52-week low of $74.71 and a 52-week high of $149.51.

Hedge Funds Weigh In On Baidu

Several hedge funds have recently added to or reduced their stakes in BIDU. Creekmur Asset Management LLC purchased a new position in Baidu during the 1st quarter valued at about $29,000. Binnacle Investments Inc purchased a new position in Baidu during the 2nd quarter valued at about $29,000. Assetmark Inc. increased its holdings in Baidu by 143.3% during the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider's stock valued at $30,000 after acquiring an additional 192 shares in the last quarter. UMB Bank n.a. increased its holdings in Baidu by 80.3% during the 1st quarter. UMB Bank n.a. now owns 402 shares of the information services provider's stock valued at $37,000 after acquiring an additional 179 shares in the last quarter. Finally, Winthrop Capital Management LLC purchased a new position in Baidu during the 2nd quarter valued at about $39,000.

About Baidu

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Baidu (NASDAQ:BIDU)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Baidu Right Now?

Before you consider Baidu, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Baidu wasn't on the list.

While Baidu currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.