In a report released today, Miranda Zhuang from Bank of America Securities reiterated a Buy rating on Baidu (BIDU – Research Report), with a price target of $234.00. The company’s shares closed yesterday at $152.73.
According to TipRanks, Zhuang is an analyst with an average return of -2.4% and a 45.45% success rate.
In addition to Bank of America Securities, Baidu also received a Buy from Jefferies’s Thomas Chong in a report issued yesterday. However, on March 16, Morgan Stanley maintained a Hold rating on Baidu (NASDAQ: BIDU).
See Insiders’ Hot Stocks on TipRanks >>
BIDU market cap is currently $55.29B and has a P/E ratio of 50.59.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Incorporated in 2000, Baidu, Inc. is a China-based internet search company, which provides internet-related services and online marketing solutions. It operates through the Baidu Core and iQIYI segments. The Baidu Core segment offers keyword-based marketing services. The iQiyi segment focuses on membership and online advertising services. The company’s products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor (IME) and Overseas Products.
Read More on BIDU:
