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TSLA   563.00 (-5.84%)
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NVDA   463.73 (-6.97%)
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NIO   35.21 (-7.61%)
AMD   73.96 (-5.81%)
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ACB   9.61 (+0.10%)
DIS   201.91 (+6.27%)
BA   224.03 (+0.36%)
NFLX   493.33 (-4.47%)
PFE   34.35 (-0.12%)
QQQ   299.94 (-2.83%)
AAPL   116.36 (-4.17%)
MSFT   227.39 (-1.82%)
FB   255.31 (-3.39%)
GOOGL   2,007.50 (-4.27%)
TSLA   563.00 (-5.84%)
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NVDA   463.73 (-6.97%)
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CGC   30.86 (-0.99%)
GE   14.17 (+4.19%)
MU   85.05 (-4.36%)
NIO   35.21 (-7.61%)
AMD   73.96 (-5.81%)
T   29.99 (+1.25%)
F   12.65 (+3.10%)
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NFLX   493.33 (-4.47%)
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Mizuho Raises Baidu (NASDAQ:BIDU) Price Target to $350.00

Last updated on Thursday, February 25, 2021 | 2021 MarketBeat

Baidu (NASDAQ:BIDU) had its price objective boosted by stock analysts at Mizuho from $325.00 to $350.00 in a research note issued to investors on Thursday. The brokerage currently has a "buy" rating on the information services provider's stock. Mizuho's price target would suggest a potential upside of 16.38% from the company's previous close.

BIDU has been the subject of a number of other research reports. UBS Group upped their price objective on Baidu from $315.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 19th. Loop Capital upped their price objective on Baidu from $150.00 to $210.00 in a research report on Wednesday, December 23rd. The Goldman Sachs Group upped their price objective on Baidu from $144.00 to $162.00 and gave the company a "buy" rating in a research report on Monday, November 2nd. Citigroup upped their price objective on Baidu from $292.00 to $324.00 in a research report on Friday, February 19th. Finally, JPMorgan Chase & Co. upped their price target on Baidu from $155.00 to $290.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 13th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of "Buy" and a consensus price target of $236.32.

Baidu stock traded down $3.27 during mid-day trading on Thursday, reaching $300.74. 112,737 shares of the stock traded hands, compared to its average volume of 10,678,776. The stock has a market capitalization of $102.58 billion, a PE ratio of 30.56 and a beta of 1.16. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 2.65. Baidu has a 12-month low of $82.00 and a 12-month high of $354.82. The business's 50-day moving average is $266.50 and its 200-day moving average is $172.95.

Baidu announced that its Board of Directors has authorized a stock repurchase program on Tuesday, December 8th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. WASHINGTON TRUST Co purchased a new stake in shares of Baidu in the 3rd quarter worth $29,000. Cypress Capital Management LLC WY purchased a new stake in Baidu in the fourth quarter worth about $32,000. Lindbrook Capital LLC lifted its stake in Baidu by 48.0% in the third quarter. Lindbrook Capital LLC now owns 259 shares of the information services provider's stock worth $33,000 after acquiring an additional 84 shares during the period. JBF Capital Inc. purchased a new stake in Baidu in the third quarter worth about $33,000. Finally, TD Ameritrade Investment Management LLC purchased a new stake in Baidu in the fourth quarter worth about $35,000. Institutional investors own 49.38% of the company's stock.

Baidu Company Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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10 Great Cheap Stocks to Buy Now for Under $10

As the P/E ratios of most S&P 500 companies look very expensive and the stock market continues to hit new all-time highs regularly, it's challenging for investors to find cheap stocks to buy now.

This goes for both share price since most stocks are trading higher on a per-share basis and valuation relative to earnings. Right now, the typical S&P 500 company is trading at about 25 times forward-looking earnings. Historically, S&P 500 companies have traded at about 15 times earnings in more normal markets.

While the S&P 500 as a whole is expensive, there are still a handful of undervalued stocks trading at less than $10.00 per share. Value investing opportunities for value exist if you know where to look. Putting together a list of cheap stocks to buy now requires looking into some smaller, riskier, unloved, or undiscovered parts of the market. These low-priced stocks might not look especially attractive today, but long-term investors stand to profit if they are willing to be patient and hold onto shares of these companies through multiple market cycles.

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You might find marijuana stocks, dividend-paying stocks, large-cap stocks, growth stocks, small-cap stocks, and even some bitcoin stocks in this list. While these low-priced stocks have many differences, these 10 stock picks all share a common characteristic, a super-low share price of $10.00 or less.

View the "10 Great Cheap Stocks to Buy Now for Under $10".

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