On May, 16 Baidu, Inc. (BIDU) Hit 1-Year High at $280.31

May 16, 2018 - By Richard Doty

Baidu, Inc. (NASDAQ:BIDU) Corporate Logo

Today 1-year high was reached by Baidu, Inc. (NASDAQ:BIDU) with $299.93 price target or 7.00 % above today’s $280.31 price per share. The 1-year high was announced on May, 16 by Barchart.com. The company has $97.75B market cap. The valuation of NASDAQ:BIDU can change by $6.84B if our $299.93 price target is reached.

Ticker’s shares touched $280.309 during the last trading session after 3.09% change.Currently Baidu, Inc. is uptrending after 36.72% change in last May 16, 2017. BIDU has 2.14 million shares volume. BIDU outperformed by 25.17% the S&P500.

On July, 26 is expected Baidu, Inc. (NASDAQ:BIDU)’s earnings report, Zacks reports. Last year’s EPS was $2.02, while now analysts expect change of 6.44 % up from current $2.15 EPS. This could hit $749.77M profit for BIDU assuming the current $2.15 EPS will become reality. Wall Street now forecasts -4.44 % negative EPS growth despite Baidu, Inc. last quarter’s EPS of $2.25.

Baidu, Inc. (NASDAQ:BIDU) Ratings Coverage

In total 12 analysts cover Baidu (NASDAQ:BIDU). “Buy” rating has 7, “Sell” are 0, while 5 are “Hold”. (NASDAQ:BIDU) has 58% bullish analysts. With $319 highest and $200.0 lowest target price, Baidu has $264.44 average target price or -5.66% below the current ($280.309) price. 14 are the (NASDAQ:BIDU)’s ratings reports on May 16, 2018 according to StockzIntelligence Inc. On Wednesday, February 14 Daiwa Securities upgraded the shares of BIDU in report to “Outperform” rating. The stock rating was upgraded by Daiwa Securities to “Buy” on Monday, April 9. In Monday, April 16 report Barclays Capital maintained it with “Equal-Weight” rating and $260 target. The company rating was maintained by Jefferies on Wednesday, February 14. The company rating was upgraded by Morgan Stanley on Thursday, February 15. On Tuesday, January 23 the company was downgraded by Jefferies. The company rating was upgraded by Bernstein on Friday, May 11. On Monday, January 29 Nomura downgraded Baidu, Inc. (NASDAQ:BIDU) rating. Nomura has “Hold” rating and $276.0 target. On Monday, January 8 the rating was maintained by Wells Fargo with “Buy”.

For more Baidu, Inc. (NASDAQ:BIDU) news released recently go to: Profitconfidential.com, Seekingalpha.com, Nasdaq.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “This Is Why BIDU Stock Is Likely to Clear the $300.00 Threshold” released on May 15, 2018, “Baidu divests financial services business” on April 30, 2018, “Baidu Inc (ADR): How 225% Looks Reasonable in BIDU Stock” with a publish date: May 08, 2018, “Baidu: Future Looks Bright” and the last “Baidu: A Lot To Like” with publication date: May 07, 2018.

Baidu, Inc. provides Internet search services in China and internationally.The company has $97.75 billion market cap. It operates through three divisions: Search Services, Transaction Services, and IQiyi.The P/E ratio is 33.71. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, including Web pages, news, images, documents, and multimedia files through links provided on its Website; and transaction platform, including Nuomi.com to connect online and offline services provided by third-parties.

Baidu, Inc. (NASDAQ:BIDU) Analyst Ratings Chart

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