Why Baidu Inc. (BIDU) Outpaced the Stock Market Today
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 09 2024
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Source: NASDAQ.COM
- Baidu Inc. Stock Performance: Baidu Inc. (BIDU) closed at $103.50 with a +0.44% movement, outperforming the S&P 500 but lagging behind Nasdaq.
- Earnings Expectations: Analysts project Baidu Inc. to report an EPS of $3.20 and revenue of $4.56 billion, showing positive growth compared to the previous year.
- Investor Insights: Changes in analyst estimates reflect short-term business dynamics, with positive alterations indicating optimism and potential stock price performance.
- Zacks Rank System: The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has historically shown strong performance, with Baidu Inc. currently ranked at #4 (Sell).
- Industry Analysis: Baidu Inc. operates in the Internet - Services industry within the Computer and Technology sector, with a favorable Zacks Industry Rank of 71 among over 250 industries.
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.
