BIDU Price Prediction Next Week
Analysis and Insights
News Impact:
Baidu recently announced the issuance of $2 billion in exchangeable bonds to facilitate the sale of a significant portion of its stake in Trip.com. This strategic move allows Baidu to receive proceeds without selling shares in the open market, which could stabilize its stock price and demonstrate management's focus on shareholder value.
Technical Indicators:
- RSI (14): 58.57, indicating the stock is in a neutral zone, not overbought or oversold.
- MACD: Showing a bullish signal with a positive crossover.
- Fibonacci Levels: Resistance at $94.20 and $97.02, with a pivot point at $89.63.
Analyst Sentiment:
Analysts maintain a Moderate Buy rating with an average price target of $111.16, suggesting a potential upside of 17.26% from current levels.
Conclusion:
Based on the analysis, Baidu's stock is expected to rise next week. The target price is $108, and the recommendation is to buy.
BIDU Similar Chart Price Prediction
The price of BIDU is predicted to go up -31.43%, based on the high correlation periods with EVGN. The similarity of these two price pattern on the periods is 91.84%.
BIDU
EVGN
Down: -31.43%Similarity: 91.84%
BIDU Revenue Forecast
BIDU EPS Forecast
BIDU FAQs
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BIDU VS S&P500
Baidu is strengthening its mobile ecosystem with search, livestreaming, and mini programs, helping to create a closed-loop experience for users to acquire information and make transaction.
Baidu is a leader in AI with autonomous driving in terms of number of miles tested and the number of driving licenses in China could become another growth catalyst.
Sitting on a cash pile of over CNY 100 billion, Baidu has ample dry powder to invest in technology, particularly in AI, as well as merger and acquisition opportunities.
BIDU Analyst's Forecast
James Lee
Mizuho
Buy
2025-02-19
Price Target
$95 → $105
Upside
+19.71%
Mizuho analyst James Lee raised the firm's price target on Baidu to $105 from $95 and keeps an Outperform rating on the shares following the Q4 report. The company's cloud revenue growth accelerated to 26% year-over-year, with generative artificial intelligence already making up double digit percent of revenues, the analyst tells investors in a research note. The firm says that at the same time, Baidu core operating income came in above expectations due to improving cloud profitability and disciplined cost management. Mizuho expects investor sentiment to improve with policy support across the macro environment and artificial intelligence.
Jiong Shao
Barclays
Hold
2025-02-11
Price Target
$83 → $95
Upside
+8.31%
Alicia Yap
Citigroup
Strong Buy
2024-11-29
Price Target
$142 → $141
Upside
+65.78%
