Baidu, Inc. (NASDAQ:BIDU) Stock Has Consensus Price Target of $141.71

Key Points

• Analyst sentiment is mixed: Baidu has a consensus “Hold” rating, with 11 of 18 analysts recommending Buy, four Hold and three Sell. The average 12-month price target is $141.71.
• BIDU traded at $78.14, near its 12-month low of $75.80 and well below its 12-month high of $165.30. Several firms recently cut price targets, including Susquehanna and Barclays.
• Baidu has unveiled new generative-AI products and says Apollo Go operates in 28 cities; investors will be watching its November 16 Q3 report for evidence of growth amid advertising weakness and margin pressures.

Shares of Baidu, Inc. (NASDAQ:BIDU - Get Free Report) have earned an average recommendation of "Hold" from the eighteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $141.71.

Several brokerages have commented on BIDU. Susquehanna decreased their price objective on shares of Baidu from $140.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, August 28th. JPMorgan Chase & Co. cut their target price on shares of Baidu from $175.00 to $145.00 and set an "overweight" rating on the stock in a research note on Friday, October 23rd. Weiss Ratings reiterated a "sell (d)" rating on shares of Baidu in a research report on Wednesday. Barclays decreased their price target on shares of Baidu from $96.00 to $80.00 and set an "equal weight" rating for the company in a research note on Friday, October 23rd. Finally, Zacks Research raised shares of Baidu from a "strong sell" rating to a "hold" rating in a research note on Monday, October 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. lifted its stake in shares of Baidu by 307.9% in the 2nd quarter. Alyeska Investment Group L.P. now owns 1,209,089 shares of the information services provider's stock valued at $138,187,000 after purchasing an additional 912,638 shares during the period. WCM Investment Management LLC raised its holdings in Baidu by 967.3% in the first quarter. WCM Investment Management LLC now owns 454,295 shares of the information services provider's stock worth $48,428,000 after purchasing an additional 411,731 shares in the last quarter. Sei Investments Co. raised its holdings in Baidu by 13.1% in the first quarter. Sei Investments Co. now owns 285,068 shares of the information services provider's stock worth $31,762,000 after purchasing an additional 32,955 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Baidu by 110.9% in the second quarter. Handelsbanken Fonder AB now owns 246,789 shares of the information services provider's stock worth $28,206,000 after purchasing an additional 129,789 shares in the last quarter. Finally, Nykredit A S purchased a new position in Baidu during the second quarter valued at $28,089,000.

Baidu Trading Up 0.7%

BIDU stock traded up $0.51 on Friday, reaching $78.14. The company's stock had a trading volume of 3,281,848 shares, compared to its average volume of 2,271,771. The firm has a market cap of $26.70 billion, a PE ratio of -37.03, a PEG ratio of 4.08 and a beta of 0.60. The business has a fifty day simple moving average of $84.30 and a two-hundred day simple moving average of $110.90. Baidu has a 12-month low of $75.80 and a 12-month high of $165.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.33 and a current ratio of 2.33.

Key Baidu News

Here's some of the latest news about BIDU:

• Positive Sentiment: Citi maintained a Buy rating and a $154 price target, citing Baidu’s expanding AI ecosystem. Baidu’s Expanding AI Ecosystem Supports Buy Rating and US$154 Target
• Positive Sentiment: Baidu introduced the ERNIE 5.5 Flash Preview, enterprise AI-agent upgrades, and a Token Exchange marketplace, while saying Apollo Go now operates in 28 cities. These launches could support future AI and cloud growth, though commercial impact remains to be demonstrated. Baidu Unveils ERNIE 5.5 As Apollo Go Reaches 28 Cities
• Neutral Sentiment: Baidu is scheduled to report Q3 results on November 16. Revenue is forecast to rise, but reports flag lower expected earnings and a difficult balance between AI-cloud growth, weaker advertising, increased investment, and margin pressure. Results and guidance may be a near-term catalyst. Baidu to Report Q3 Earnings: What's in Store for the Stock?

Baidu Company Profile

Baidu, Inc. is a Chinese technology company best known for its internet search engine and related online services. Founded in 2000 by Robin Li and Eric Xu, the company is headquartered in Beijing and primarily serves users and business customers in China. Its offerings include Baidu Search, the Baidu mobile app and Baidu Maps, as well as online marketing services. Baidu also develops cloud computing and artificial intelligence technologies, including generative AI products and services for businesses and consumers.

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