Baidu and Alibaba (NYSE:BABA) Lead Hong Kong Stocks to 3-Year High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 18 2025
0mins
Source: TipRanks
Baidu and Alibaba's Stock Surge: Baidu and Alibaba led a significant rise in Hong Kong stocks, with the Hang Seng index reaching a three-year high due to investor optimism around AI advancements and China's consumption boost plans. Baidu's shares jumped over 12% after launching new AI models, while Alibaba's stock rose more than 5% following positive retail sales data and a focus on AI-driven growth.
China's Economic Initiatives: China announced a "Special Action Plan to Boost Consumption," aiming to stabilize markets and enhance demand through technology like AI and robotics, alongside improved retail sales figures for early 2024, which showed a 4.0% increase compared to the previous year.
Analyst Views on BYD
Wall Street analysts forecast BYD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BYD is 93.10 USD with a low forecast of 85.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 85.090
Low
85.00
Averages
93.10
High
110.00
Current: 85.090
Low
85.00
Averages
93.10
High
110.00
About BYD
Boyd Gaming Corporation is a gaming company. It operates over 28 gaming entertainment properties in 10 states, manager of a tribal casino in northern California, and owner and operator of Boyd Interactive, a B2B and B2C online casino gaming business. Its segments include Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online. The Las Vegas Locals segment consists of eight casinos in the Las Vegas metropolitan area. The Downtown Las Vegas segment consists of three properties: California Hotel and Casino, Fremont Hotel & Casino, and Main Street Station Hotel and Casino. Its Midwest & South properties consist of five land-based casinos, five dockside riverboat casinos, three racinos and four barge-based casinos that operate in nine states, predominantly in the Midwest and southern United States. The Online segment includes its online gaming operations through collaborative arrangements with third parties throughout the United States and the operations of Boyd Interactive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
