Temu-owner PDD slips after USPS halts inbound packages from China, Hong Kong By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 05 2025
0mins
Source: Investing.com
Impact of Trade Policies on Chinese Companies: U.S.-listed shares of China's PDD Holdings and other major Chinese internet companies fell after the USPS suspended incoming parcels from China, coinciding with President Trump's move to eliminate the "de minimis" exemption for low-value packages and impose a 10% tariff on all Chinese imports.
Response from China: In retaliation, China announced a 15% tariff on U.S. coal and liquified natural gas imports, along with a 10% duty on crude oil and agricultural equipment, escalating trade tensions between the two nations.
Analyst Views on BIDU
Wall Street analysts forecast BIDU stock price to fall 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: 162.520
Low
100.00
Averages
160.67
High
215.00
Current: 162.520
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.
