DJT, BIDU among major communication services gainers; AMC, BRAG among losers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2024
0mins
- Gainers: Phoenix New Media (FENG) up by 13%, Trump Media & Technology Group (DJT) up by 12%, Kuke Music Holding (KUKE) up by 10%, Baidu (BIDU) up by 6%.
- Losers: AMC Entertainment Holdings (AMC) down by 12%, MoneyHero (MNY) down by 12%, Cheetah Mobile (CMCM) down by 7%, Bragg Gaming Group (BRAG) down by 7%, Direct Digital Holdings (DRCT) down by 7%.
- S&P 500 Communication Services sector is down 2.1% at $281.95, Telecommunication Services is up 1.6% at $102.17, Media & Entertainment down 2.5%.
- More insights on Communication Services Select Sector SPDR Fund including potential upside and earnings scorecard.
- Energy, tech, and communications are among the top-rated S&P 500 sectors as Q1 earnings season begins, with Seeking Alpha's Quant Rating on Communication Services Select Sector SPDR Fund.
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Analyst Views on BIDU
Wall Street analysts forecast BIDU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BIDU is 160.67 USD with a low forecast of 100.00 USD and a high forecast of 215.00 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.
13 Analyst Rating
11 Buy
2 Hold
0 Sell
Strong Buy
Current: 157.510
Low
100.00
Averages
160.67
High
215.00
Current: 157.510
Low
100.00
Averages
160.67
High
215.00
About BIDU
Baidu Inc is a Chinese language Internet search provider. The Company operates its businesses through two segments, Baidu Core segment and iQIYI segment. Baidu Core segment mainly provides search-based, feed-based, and other online marketing services, as well as products and services from the Company’s new artificial intelligence (AI) initiatives, such as display advertisement and based on performance criteria other than cost-per-click, cloud services, smart devices and services, non-marketing consumer-facing services such as membership, and intelligent driving. iQIYI segment produces, aggregates and distributes a wide variety of professionally produced content, as well as a broad spectrum of other video content, in a variety of formats, including a variety of products and services encompassing online video, online games, online literature, comics and others.
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.
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