Baidu, Inc. (BIDU) Hit 12-Month High on May, 16

May 16, 2018 - By Lisa Delgado

Baidu, Inc. (NASDAQ:BIDU) Corporate Logo

Today 1-year high was reached by Baidu, Inc. (NASDAQ:BIDU) with $299.93 price target or 7.00 % above today’s $280.31 price per share. The 1-year high was announced on May, 16 by Barchart.com. The company has $97.75B market cap. The valuation of NASDAQ:BIDU can change by $6.84B if our $299.93 price target is reached.

BIDU touched $280.309 during the last trading session after $8.389 change.Baidu, Inc. has volume of 2.14M shares. Since May 16, 2017 BIDU has risen 36.72% and is uptrending. The stock outperformed the S&P 500 by 25.17%.

On July, 26 Baidu, Inc. (NASDAQ:BIDU)’s earnings release is awaited by WallStreet, Faxor reports. earnings per share of $2.15 is 6.44 % up from 2017’s $2.02 EPS. If earnings per share of $2.15 is published the profit of BIDU could hit $749.77M giving it 32.59 P/E. Analysts at Wall Street see Baidu, Inc.’s -4.44 % negative EPS growth compared to $2.25 earnings per share for previous quarter.

Baidu, Inc. (NASDAQ:BIDU) Ratings Coverage

In total 12 analysts cover Baidu (NASDAQ:BIDU). “Buy” rating has 7, “Sell” are 0, while 5 are “Hold”. 58% are bullish. With $319 highest and $200.0 lowest price target Baidu has $264.44 average price target or -5.66% below the current ($280.309) price. 14 are the (NASDAQ:BIDU)’s analyst reports since January 8, 2018 according to StockzIntelligence Inc. The company rating was upgraded by Bernstein on Friday, May 11. The stock rating was maintained by Barclays Capital with “Equal-Weight” on Monday, April 16. The stock rating was upgraded by Daiwa Securities to “Outperform” on Wednesday, February 14. On Tuesday, January 23 the firm has “Hold” rating given by Jefferies. On Wednesday, February 14 the firm has “Hold” rating given by Jefferies. On Monday, January 8 the stock of Baidu, Inc. (NASDAQ:BIDU) has “Buy” rating given by Wells Fargo. The stock rating was upgraded by Morgan Stanley to “Overweight” on Thursday, February 15. In Monday, January 29 report Nomura downgraded the stock to “Hold” rating. On Monday, April 9 the stock has “Buy” rating by Daiwa Securities.

For more Baidu, Inc. (NASDAQ:BIDU) news posted recently go to: Nasdaq.com, Seekingalpha.com, Profitconfidential.com, Seekingalpha.com or Investorplace.com. The titles are as follows: “Baidu Inc (ADR): How 225% Looks Reasonable in BIDU Stock” posted on May 08, 2018, “Tencent self-driving cars heading for Shenzhen streets” on May 14, 2018, “This Is Why BIDU Stock Is Likely to Clear the $300.00 Threshold” with a publish date: May 15, 2018, “Baidu: Future Looks Bright” and the last “3 Rocket Stocks You Need to Take a Close Look at Right Now” with publication date: May 16, 2018.

Baidu, Inc. provides Internet search services in China and internationally.The company has $97.75 billion market cap. It operates through three divisions: Search Services, Transaction Services, and IQiyi.33.71 is the P/E ratio. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, including Web pages, news, images, documents, and multimedia files through links provided on its Website; and transaction platform, including Nuomi.com to connect online and offline services provided by third-parties.

Baidu, Inc. (NASDAQ:BIDU) Analyst Ratings Chart

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